欧洲去杠杆进程2016-2017

《欧洲去杠杆进程2016-2017》由会员上传分享，免费在线阅读，更多相关内容在行业资料-天天文库。

1、ContentsIntroduction01Marketoverview02Viewpoint:Risksandopportunitiesin201706UnitedKingdomandIreland07Viewpoint:Banksstillneedtofacereality12GermanyandtheNetherlands13SpainandPortugal17Italy23Viewpoint:ItalyandSpainwilllead27AustriaandCEE28GreeceandCyprus32Nordics34Viewpoint:Nordeaseessl

2、owgrowthinNordicmarkets35DeloittePortfolioLeadAdvisoryServices36Contacts38Uncoveringopportunitiesin2017

3、DeloitteDeleveragingEurope2016–2017ContentsIntroductionIntroduction01TheEuropeanloanportfoliomarkethasregainedmuchofthemomentumitestablishedoverthelastnumberofyears.Uncertaintyoverthet

4、ermsofBrexitandtheUSPresidentialtransitiontemporarilydelayeddealMarketoverview02makinginmid-2016,butthefundamentalbalancesheetandregulatorydriversofloansaletransactionsprovedstronger.Sixmonthsagoweforecastasecondhalfresurgenceinloanportfoliosales;thatiswhathasViewpoint:Risksandopportunit

5、iesin201706happened,withmoretocomein2017.UnitedKingdomandIreland07BythenumberstheleadingEuropeanloansalemarketsinreachsomethingapproachingapointofTherecordrateofloandisposalsachievedin2017.Portugal,whichhasyettodeliveraequilibrium.InthemeantimeweestimateViewpoint:Banksstillneedtofacereal

6、ity122015hasbeenrepeatedagainin2016,withsignificantdealflow,islikelytoachievemorethatthereremains€2trillioninunresolvedjustover€103billionofcompleteddealsforthanthe€1.8billionofcompleteddealsinnon-coreassetsinEurope,suggestingthatGermanyandtheNetherlands13thefullyear.YettheBrexit-induced

7、mid-year2016,ifpricingbecomesmorerealistic.theloansalemarkethasthepotentialtopauseindealmakinghadanimpactontheexpandin2017.SpainandPortugal17finaldealnumbers.ThenumberofongoingDifferentmarkets,changingassetsdealsattheendof2016isconsiderable,withThesemarketswilltaketheleadfromIrelandHeadl

8、inefactsandfiguresItaly2356dealsrepresenting€70billionbyvalue.andtheUK,whicharenearingtheendofActivitybyyear(€bn)theirdeleveragingjourney.TheassetmixViewpoint:ItalyandSpainwilllead27Accordingly,weexpectthedealratetorisewillalsochange:inmarketssuchasItalyand2014€82.9€82.9i