Covid-forborne EU loans sour faster as more exit moratoria
Exposures classified as stage two rose 37% in the first three months of 2021
Bank loans that benefited from Covid-induced payment holidays in the European Union are souring at a faster rate as more of them exit forbearance, casting a shadow on lenders’ post-pandemic recovery, data from the European Banking Authority (EBA) shows.
As of March 31, €674.2 billion ($798 billion) of bank loans in the bloc had exited the EBA-compliant moratoria, up 16.4% in three months
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