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Banks review loan books and loss risks following El Nino effects

Bloomberg · ·by G4L

BBVA Banco Bilbao Vizcaya Argentaria SA ADR
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  1. 1BBVA has requested local risk teams to review loan books in response to threats posed by El Nino and global warming.
  2. 2In August, Credicorp Ltd. estimated that 9% of its loan book is directly exposed to customers at risk due to El Nino effects.
  3. 3Of Santander's 1.7 billion euro in agriculture, forestry, and fishing loans, 56% is exposed to physical risks.

So what's the key point?

Banks are examining their loan status to prepare for risks caused by El Nino and global warming. Credicorp Ltd. estimated the proportion of at-risk customers at 9%.

Source Bloomberg · View original ↗

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