Leading Dutch lenders built up sizeable loan loss provisions last year, in anticipation of the damaging economic fallout from the Covid-19 pandemic.
The country’s largest bank by Tier 1 capital, ING, increased its loan impairment provisions by 161% year-on-year in 2020 to $3.3bn, while Rabobank, the second-largest lender, increased provisions by 109% to $2.4bn, according to The Banker Database.
