Stock Groups

ECB watching rising credit risk, soured loans: Enria -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO : Andrea Enria is the chairperson for European Banking Authority at Reuters Summit in London (Britain), September 25, 2017. Picture taken September 25, 2017. REUTERS/Afolabi Sotunde/File Photo

FRANKFURT, (Reuters) – The pandemic-related support measures for the Eurozone banks are being withdrawn. This raises credit risk, Andrea Enria, supervisor of European Central Bank, said Tuesday.

Enria stated that “many early indicators point towards potential asset quality degradation in the future” in a blog posting, as well as his supervisory priorities for this year.

“The non-performing loan rates in vulnerable sectors have started to increase,” he stated. “This is most evident in accommodations and food services as well the travel-related and air transport sectors.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]