Eurozone banks add €10bn of Level 3 assets in Q1
First quarterly increase in mark-to-model assets post-pandemic
Eurozone banks’ stocks of mark-to-model assets crawled back beyond pre-pandemic levels in the first quarter, but remain a small share of all assets compared with previous years, European Central Bank (ECB) data shows.
At end-March, the bloc’s lenders collectively held €206.2 billion ($245 billion) in assets tagged Level 3 – designating holdings that are fair-valued entirely through internal models – up 4.8% from three months earlier.
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