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  "documentTitle": "Client Creditor Overview Q1 2024",
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  "notes": "Includes data on US CRE stress test scope, modified loans, and quarterly CLP trends.",
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      "text": "Refinancing remains main risk when loans with lower debt service coverage ratio and reduced collateral values reach maturity / extension dates, often requiring modifications including additional equity to qualify for refinancing.",
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      "text": "Notes: for footnotes refer to slides 25 and 26",
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      "text": "US office portfolio 1.5% of total loans and 23% of stress-tested portfolio; ~86% of office exposure in Class A properties; Average LTVs in US office stabilized at ~81%",
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