Regulation driving change in European loan portfolio markets
Our fifth edition of the Deleveraging Europe series examines the European loan portfolio market, providing an up-to date overview of the latest transactions along with insights provided by our Portfolio Lead Advisory Services experts.
With sellers and investors pushing deals into the second half of the year, the European loan portfolio market has got off to a subdued start. However, with many ongoing deals in the pipeline for the second half of this year, 2017 is set to exceed that of the two previous years.
As many loan sale markets across Europe evolves and matures the focus of investor interest is gradually widening to include emerging and ‘frontier’ markets, particularly in South East Asia, the Middle East and Brazil.
The European loan sales market had a subdued start to 2017 as sellers and investors pushed deals into the second half of the year. With a very large number of ongoing deals still in the pipeline for the second half combined with yet unannounced transactions, the total market for 2017 is set to exceed the record deal making of the previous two years when over €100 billion of deals were concluded. Investor appetite for loan portfolio trades remains exceptionally high and unaddressed NPLs in high NPL-ratio economies such as Italy, Spain, Portugal, Greece and Cyprus is likely to come to market in the second half of 2017 and in 2018.
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