The banking agencies' latest Shared National Credit review shows the $6.9T syndicated loan market grew 6% in 2025, with leveraged lending now comprising 44.5% of the portfolio at $3.1T. While classified leveraged loans rose 8.8%, the biggest concern across the broader SNC portfolio is nonaccrual commitments increasing 30.4% to $84.9B.
Earlier this week, the federal banking agencies published their Shared National Credit (SNC) 2024 report highlighting findings from their semi-annual reviews. The report assesses risk in credit facilities syndicated among at least three banking institutions with aggregate loan commitments of $100 million and nonbanks. The 2024 SNC sample covered 34% of the $2.96 trillion in...
