Soured loans tick up at EU banks in Q1
Total stock of NPLs hits €663 billion
European banks saw their stocks of non-performing loans (NPLs) rise by €3.6 billion ($4 billion) over the three months to end-March, the first increase since the European Banking Authority started publishing data in 2016.
Figures from the EBA’s Risk Dashboard show the amount of NPLs rose to €663 billion in Q1 2019, up 1% quarter-on-quarter. However, this total was down 17% year-on-year.
Loan growth outpaced the climb in NPLs, with the aggregate outstanding amount rising by €703 billion (3%)
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