Loan write-offs by financial institutions in the UK 2013-2023, by currency

The total value of loan write-offs in the United Kingdom (UK) was over a billion British pounds as of the last quarter of 2023. Most of that amount corresponded to loan write-offs by UK financial monetary financial institutions in British pounds, but there were also 35 million British pounds of loans in foreign currency written off. The highest value recorded during the observed period was during the fourth quarter of 2014, when over three billion British pounds of loan write-offs were recorded by financial institutions.