Physical climate risk threatens 15% of EU banks’ property loans

- By Joshua Walker
- 28 Oct 2024

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A Risk Quantum analysis of 29 European banks shows that on average over 15% of their loans collateralised by property were classified as sensitive to physical climate change risks in the second quarter.

Of the banks’ €3.91 trillion ($4.23 trillion) in loans secured by residential property, €594.5 billion (15.2%) was tied to geographical areas vulnerable to climate change. Chronic risk – such as long-term rising temperatures and sea levels – accounted for 2.43% of the total, while acute risk –

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