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