Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
Asia-PacificOctober 19 2020

Western banks brace for loan loss surge

Write-offs at big banks in the UK, the US and Australia are expected to rise as government stimulus expires, according to Moody’s.
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
Western banks brace for loan loss surge

Loan losses are set to rise at the largest banks in the UK, the US and Australia as the impact of Covid-19 pushes many countries into recession leading to a deterioration in credit conditions, according to a report published by Moody’s Investors Service on October 15.

Exposed sectors such as retail, hospitality and aviation, as well as unsecured lending, are expected to generate most pandemic-related credit losses.

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial