Santander’s CVA charge jumps 94% in Q2
Among the other EU systemic banks, higher capital requirements also at SocGen, ING, Crédit Agricole and UniCredit
Santander’s capital requirements to cover credit valuation adjustments (CVAs) almost doubled in the second quarter, to their highest level since Q4 2018.
The Spanish bank’s CVA capital charge stood at €145.4 million ($170 million) as of end-June, up from €75.2 million the prior quarter and from €63.3 million a year earlier.
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