End-quarter repo compressions still widespread at global banks

- By Lorenzo Migliorato
- 16 Apr 2026

Erste Group recorded the largest benefit among major global banks from compressing repo exposures at end-2025, boosting its leverage ratio by 28 basis points.

The bank’s securities financing transaction (SFT) exposure stood at €18.9 billion ($22.3 billion) as of December 31, 42.1% below its Q4 2025 average. Using the average instead, its leverage ratio – including central bank reserves – would

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