Loan loss provisions fly past expectations for UK banks

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By Tyler Davies
31 Jul 2020

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

NatWest Group rounded off a busy week for bank results on Friday, when it reported a £1.3bn pre-tax loss for the three months to June. 

The institution formerly known as Royal Bank of Scotland had used the quarter to prepare for the worst in terms of loan ...

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