At Santander, Covid relief for €75bn of loans expired through Q3
Sixteen per cent of loans coming out of payment holidays have experienced a fall in creditworthiness
Two-thirds of the loans that Santander offered payment holidays to at the outset of the coronavirus crisis had resumed repaying principal and interest as of end-September.
As of end-September, the bank said €114 billion ($134 billion) of loans, 13% of its total book, had been placed under moratoria, of which 66% had resumed repayments. At end-June, Santander had the highest amount of loans subject to payment moratoria across a sample of 20 banks assessed by Risk Quantum, with €116.5 billion, of
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