Loan loss provisions fly past expectations for UK banks

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Loan loss provisions fly past expectations for UK banks

Tyler Davies
July 31, 2020 12:15 PM
NatWest_PA_575x375_310720
A branch of NatWest opposite the RBS offices in Bishopsgate, London, which house NatWest Bank's London headquarters. The bank is one of several rumoured to be planning a move to Frankfurt after the UK's decision to leave the European Union. PRESS ASSOCIATION Photo. Picture date: Wednesday November 23rd, 2016. Photo credit should read: Matt Crossick/PA Wire | Matt Crossick/PA

UK lenders used the second quarter of 2020 to ramp up their provisions against loan losses, greatly exceeding the market’s already high expectations for new reserves

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