NYCB’s NPLs surge continues despite efforts to pare loan book
Soured loans up almost sixfold since start of the year
New York Community Bank (NYCB) saw its soured loans climb to 3.54% of retained credits in the third quarter, putting the lender on a race against time to dispose of unwanted exposures before they deteriorate further.`
Non-performing loans (NPLs) surpassed $2.5 billion at end-September, marking a sharp 29.5% increase for the quarter and a staggering 487% year to date. These upticks continue to stem from multi-family property loans and other commercial real estate, alongside other commercial and
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