EU Banks Prep For $26B In Q2 Loan Losses
PYMNTS
JULY 26, 2020
European banks are preparing to take huge losses on their loans as COVID-19 keeps taking its toll on financial institutions. The Financial Times reported the European Union’s (EU) largest banks estimated there will be at least 23 billion euros ($26.8 billion) in loan losses for European banks over the next three years.
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