Santander added to its pile of shaky loans in Q1

Spanish bank Santander downgraded the creditworthiness of another €1 billion ($1.2 billion) of loans over Q1, pushing its share of distressed exposures to 7% of its total lending portfolio, up from just over 5% a year prior.

Total exposures subject to IFRS 9 accounting rules at the bank amounted to €987 billion as of end-March, up around 2% quarter on quarter. Of these, €70 billion were classified as ‘stage two’, meaning they’d undergone a significant deterioration in credit quality since

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 [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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: