Gloomy uncertainty for European banks' provisions despite promising Q3 decline
Author Vanya DamyanovaRehan Ahmad Third-quarter loan loss provisions at Europe's largest banks dropped from second-quarter highs but analysts expect increases to resume in the fourth quarter and early 2021 as the COVID-19 impact, delayed by loan moratoriums and government aid schemes, hits the sector. Loan loss provisions fell at all 25 of Europe's largest banks in the third quarter, with 15 registering quarter-over-quarter drops of 50% or more, S&P Global Market Intelligence data shows. Finland-headquartered Nordea Bank Abp, Belgium-based KBC Group...
Source: spglobal.com