Banks set aside billions for expected problem customers

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At ING, this involves 2 billion euros. ABN Amro put 1.8 billion euros in the so-called stroppot. This is a term that indicates that the bank will be faced with a financial setback if the customer is unable or unable to repay his loan in full.

Finally, Rabobank set aside 1.4 billion. At all three banks, the amounts are considerably higher than a year earlier, up to more than 7 times more.

Banks must always estimate the likelihood that they will or will not get money back. There are always problems, for example when a customer commits fraud.

But due to the corona crisis, the chance that companies can fully repay all their loans in one go has decreased a lot. And that is reflected in the provisions that banks make, also analyst Jos Versteeg of InsingerGilissen sees.

Credit losses

“Banks are preparing for credit losses,” he says. “You can see that some sectors just have a lot less turnover. Hospitality, travel. So the chance that companies will fail is greater. ”In the event of bankruptcy, the loan will never fully return.

‘Not enough for everyone’

Rabobank CEO Wiebe Draijer also fears it. He points out that the government has taken generous measures in recent months to keep the economy running.

There was an arrangement for companies to continue to pay the wages of their employees. And there was, for example, income support for the self-employed without employees (self-employed persons). “But they won’t be enough for everyone.”

Draijer expects a lot of uncertainty in the coming months about how things will go with the corona crisis and rising unemployment because companies are now announcing rounds of layoffs and self-employed people will be out of work.

All of this will affect what we can all spend and earn. And also to the extent to which bank customers will be able to repay their current loans.

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