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Deutsche and Barclays rank among ‘most exposed’ banks to private credit reckoning.
Barclays and Deutsche Bank have over 4% and 5% of their loan books in private credit.
KEY POINTS
- Bloomberg Intelligence estimates private credit losses could cut profits at top European banks by 5%.
- In a worst-case scenario, private credit losses could reach €12.6bn for European banks.
- Barclays incurred a £110m impairment charge due to exposure to the collapsed US auto dealer Tricolor.
- Limited disclosure on banks’ private credit exposure is expected to be a focus in upcoming results.
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