ECB to start new round of checks on banks' private credit holdings - report
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The European Central Bank (ECB) is set to conduct new checks on banks' exposure to private credit loans, following concerns over loan quality amid recent corporate failures. The ECB will inquire about banks' dealings with direct lenders, building on previous assessments. Analysts estimate European banks' private credit exposure at 1%-2%, with larger lenders potentially facing higher risks. In early trading, stocks of Deutsche Bank, BNP Paribas, Banco Santander, and ING Group saw declines of up to 2.7%.
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