Covid payment holidays for €224bn of EU loans ended in Q3
The amount of European Union bank loans covered by payment holidays introduced in the wake of the coronavirus crisis fell by 28% over the three months to end-September, to €586.7 billion ($713.3 billion), data from the European Banking Authority (EBA) shows, as state-backed moratoria expired.
French banks, which in Q2 had the most loans under moratoria across the EU at €249.8 billion, saw the balance of covered assets plummet 47% to €131.2 billion over Q3.
Loans under moratoria held by
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