Bank Of Baku

European banks may face € 92 bln real estate hit: S&P

European banks may face € 92 bln real estate hit: S&P
# 30 April 2010 10:43 (UTC +04:00)
Baku – APA-Economics. European banks could face losses of up to 92 billion euros on commercial real estate in the U.K., Ireland and Spain for the 2009 to 2011 period, according to Standard & Poor’s. That represents about 10% of total commercial real estate lending in those countries, the S&P report said, MarketWatch reported.
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