PNC emerges as top regional player in private credit
Lender ranks second only to Bank of America for loans to business credit intermediaries
PNC Bank is the US regional lender with the largest exposure to the private credit sector, second only to Bank of America, Risk Quantum analysis shows.
As of Q3 2025, PNC held $29 billion in loans to non-depository business credit intermediaries – a broad category that includes collateralised loan obligations and private debt funds – equivalent to 8.8% of its loan book.
In absolute terms, the
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