LYG - European Banks' Loan Loss Provisions Jump 18% YOY Amid Tariff Risks

2025-06-05 06:32:00 ET

Summary

• Europe's biggest banks reported an 18% year-over-year increase in provisions for loan losses during the first quarter, amid warnings that uncertainty around international trade policy could hurt asset quality.
• Aggregate provisions among 45 of the region's largest lenders rose to €11.48 billion from €9.72 billion in the first quarter of 2024 and €8.45 billion a year earlier.
• On a quarterly basis, provisions fell 5.8% to €11.48 billion from €12.19 billion in the fourth quarter of 2024.

Europe's biggest banks reported an 18% year-over-year increase in provisions for loan losses during the first quarter, amid warnings that uncertainty around international trade policy could hurt asset quality....

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