Covid payment holidays for €224bn of EU loans ended in Q3
French, German and Italian banks saw most loans lose moratoria protection
The amount of European Union bank loans covered by payment holidays introduced in the wake of the coronavirus crisis fell by 28% over the three months to end-September, to €586.7 billion ($713.3 billion), data from the European Banking Authority (EBA) shows, as state-backed moratoria expired.
French banks, which in Q2 had the most loans under moratoria across the EU at €249.8 billion, saw the balance of covered assets plummet 47% to €131.2 billion over Q3.
Loans under moratoria held by
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