UK banks released £671m of loan-loss provisions in Q1

Improvements in borrower creditworthiness freed top UK banks to release millions from their loan-loss reserves back into income over the first quarter, another sign that the coronavirus crisis is loosening its grip on the sector.

NatWest, Barclays, Lloyds, Standard Chartered and HSBC all also reported a quarter-on-quarter drop in the proportion of their loan books made up of ‘stage two’ assets under IFRS 9 accounting definitions, which are those that have suffered a deterioration in credit

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: http://subscriptions.risk.net/subscribe

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 Risk.net 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: