Financial reporting of European banks: benchmark study 2022

We have analysed the 2021 annual reports of 26 banks in 11 European countries to better understand the impact of Covid-19 on their expected credit losses and how it can help banks prepare as they face new challenges as a result of the war in Ukraine. This study is the fourth in its series and follows on our third edition of the report released in September 2021.

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A focus on Expected Credit Losses

The study mainly focuses on the ECL-related impacts and covers:

• ECL charge impact of YE 2021 on the profit or loss and ECL allowances;
• ECL allowances: changes in coverage ratios and allocation between stages;
• Post-model adjustments/overlays;
• Other topics, incl. Non-Performing loans, green finance disclosures, significant increase in credit risk (SICR) criteria analysis, first review of banks’ exposure to the war in Ukraine and more.