Open Demo Account
Home / Market Update / Global Stock Market / Global loan losses seen at $2.1 T by End of 2021

Global loan losses seen at $2.1 T by End of 2021

M. Ali 9 July, 2020 10:21 pm Global Stock Market, Market Update

Standard & Poor’s (S&P Global) is expecting banks around the world to see loan losses of $1.3 trillion in 2020 and a total of $2.1 trillion until the end of 2021, Reuters reported.

More than half of the loan losses will be in the Asia Pacific region, however, North America and Western Europe will see the largest increase compared with the levels of 2019.

The world’s top 200 rated banks account for around 66% of the global bank lending and S&P expects loan losses to absorb around 75% of their earnings.

Tags

Check Also

U.S. Stock Index Futures Gain Slightly as Investors Await Powell’s Speech

U.S. stock index futures showed modest gains early Thursday, as investors assessed the latest inflation …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends