Agencies issue 2025 Shared National Credit Program review
January 13, 2026 / By ICBA
Credit risk for large, syndicated bank loans remained moderate in 2025, according to the federal banking agencies, and trends continue to reflect the effects of borrowers’ ability to manage higher interest expenses and other macroeconomic factors.
Details:
The 2025 SNC portfolio included 6,857 borrowers, totaling $6.9 trillion in commitments, an increase of 6% from a year ago.
The percentage of loans that deserve management’s close attention decreased to 8.6% of total commitments from 9.1% in 2024, primarily due to growth in new commitments rather than an underlying improvement in credit quality.
U.S. banks hold 45% of all SNC commitments but only 22% of non-pass loans, down slightly from the prior year.
Nearly half of total SNC commitments are leveraged, and leveraged loans comprise 81% of non-pass loans.
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