

Expected European loan losses push up Santander’s Q4 credit reserves
Santander put aside more income to cover ailing loans in Spain and other European markets in Q4. Total loan-loss provisions (LLP) for the quarter hit €2.6 billion ($3.1 billion), up 3% on Q3. Over 2020 as a whole, set-asides came to a whopping €12.2 billion, which helped push the bank to its first-ever annual loss, of €8.8 billion.
Total allowances for loan-losses as a percentage of average loans and advances, also known as cost of risk (CoR), came to 1.28% for 2020, up from 1% in 2019. CoR
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 print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Banks
Derivatives
Has Covid stopped the clocks on FX timestamp efforts?
Budget reallocation may not be the only factor stalling standardisation progress, say participants
Receive this by email