Lenders face loss on loans to property developers watchdog warns | Mail Online
British banks are facing escalating losses on £54billion of troubled loans to property developers, the City watchdog has warned.
In its annual health check of the banking system, the Financial Services Authority predicted that hits on soured commercial real estate loans would rise 'markedly' in the future.
The soaring provisions for commercial property loans, which account for half of all corporate lending, will put extra strain on banks as they seek to bolster their balance sheets.
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