Carillion supplier finance drives Santander writedowns

摘要

Carillion's collapse contributed to a £47m year-on-year rise in loan writedowns at Santander in Q1 2018. The bank's UK arm recorded credit impairment losses of £60m in the year's first quarter, up from £13m in the same period of 2017. Santander said the collapse, combined with losses related to a global corporate banking customer, was a major contributor to the loan writedowns, although the bank refused to disclose exact figures.