Loan-loss provisions take a smaller bite out of EU banks in Q3

Set-asides fell 57% quarter on quarter

Provisions set aside for ailing loans at banks in the European Union fell sharply over the third quarter, though some continued to plump their reserves in anticipation of further Covid-inspired economic turmoil.

Aggregate expected credit loss (ECL) provisions taken by 15 EU banks tracked by Risk Quantum totalled €9 billion ($10.6 billion) in Q3, down 48% on the Q2 amount.

Some banks even reported reserve releases for Q3, whereby earnings socked away to cover troubled loans are sent back into

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here