Big4.com Reports on PwC Survey Showing Investors Looking Toward Non-core European Loan Assets

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Portfolios with a face value of €50 billion are those expected to change hands this year

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Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC, notes the results of a new survey from PwC that shows investors expect the sale of European loan portfolios to peak in 2013. Big4.com reports this comes as banks begin to plan their refinancing of the liquidity injections received from the European Central Bank (ECB).

“In the past year the banking sector has been much more open to deleveraging strategies. We estimate there are €2.5 trillion of non-core loan portfolios in the European banking sector, representing 6% of European banking assets,” says Richard Thompson, PwC’s European Portfolio Advisory Group Chairman. “The run-off or sale of these loan assets will continue for many years and will make up a major proportion of future M&A activity. Based on our discussions with the major banks around Europe, we expect portfolios with a face value of €50 billion to trade this year and €500 billion to trade in the next five to ten years.”

Big4.com also reports that PwC surveyed over 50 major investors active in the European loan portfolio market, ranging from investment banks and hedge funds to private equity groups, to understand the perspectives of those looking to acquire non-core loan portfolios from financial institutions.

Finally, the results show while the UK, Germany and Spain dominate the market for loan portfolio sales, investor interest in Ireland and Portugal is rising, driven by the active steps taken by regulators in those countries to restructure their banking system.

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Contact:
Kristy Short
Big4.com
(734) 481-0186

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Kristy Short
Big4.com
(734) 481-0186
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