Exposure Analysis: The True Cost of BBLS to British Financial Services

The Bounceback Loan Scheme (BBLS) was launched at pace to keep British Business afloat throughout the Covid-19 crisis. Backed by the government, and with a focus on speed of payment, the true picture is only just emerging.

Over the last 12 months we've conducted post-award exposure analysis for two Tier 1 lenders to identify their full risk exposure to BBLS fraud defaults. 

Both delivered approximately 3,000 loans, with values totallying in excess of £100 million each.

Using a unique blend of our public and private datasets we were able to identify systematic and casual fraud on an incredible scale. 

View the detail

Time to connect