Credit chance stemming off banks’ CRE exposures was mitigated from the good collateralisation. The latest show out-of CRE funds having highest financing-to-well worth (LTV) rates (a lot more than 80%) try apparently lowest into aggregate, around 20% at the conclusion of 2022 (Chart 3.several, committee b). not, such benign aggregate investigation cover-up extreme mix-country heterogeneity with regards to one another asset high quality and you will collateralisation.
