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Banks' credit risks surge to €2.72bn: PWC Luxembourg

Credit risk provisioning for banks in Luxembourg overall rose by over 20%, from €2.25bn in 2021 to €2.72bn in 2022, PWC has said. The increase was particularly dramatic for Chinese banks, which saw their provisioning jump from €6m to €163m, a 27-fold increase compared to the previous year. ....

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