May 19, 2020 / 4:42 PM / 9 days ago

BRIEF-Fitch Says Uk Mid-Sized Banks Face Significant Further Credit Charges

May 19 (Reuters) -

* FITCH SAYS UK MID-SIZED BANKS FACE SIGNIFICANT FURTHER CREDIT CHARGES

* FITCH SAYS EXPECT UK MORTGAGES TO BE MORE RESILIENT THAN UNSECURED LOANS DURING CRISIS

* FITCH SAYS MID-SIZED UK BANKS’ LOWER LOAN IMPAIRMENT CHARGES REPORTED IN 1Q20 THAN LARGER PEERS

* FITCH SAYS MID-SIZED UK BANKS’ LOWER LOAN IMPAIRMENT CHARGES IN 1Q20 INCREASE RISK FOR SIZEABLE IMPAIRMENT LOSSES IN COMING QTRS

* FITCH SAYS FOR MID-SIZED UK BANKS CORONAVIRUS-RELATED IMPAIRMENT CHARGES WILL BE DRIVEN MAINLY BY BUSINESS, UNSECURED CONSUMER LOANS

* FITCH SAYS EXPECT CONTINUED EARNINGS PRESSURE IN 2020 FOR UK MID-SIZED BANKS Source text for Eikon:

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