A research produced by
The European lending landscape continues to evolve in response to the ongoing need to deleverage as well as volatile economic conditions and impending regulation. Key findings include ;
- The number of lenders willing to offer new business lending is down 33% since Q1 2011
- Only five ‘new business’ lenders are willing to underwrite over €100m
- Deleveraging by continental European banks has been slower than by UK banks, although it is picking up pace
- New finance providers such as non-bank financial institutions are emerging slowly and this should improve going forward
- The emergence of senior debt funds will be a feature of 2012
- Lending terms have worsened, with LTVs down and increased margins
- The securitisation and syndication markets are still relatively lacklustre
- Germany, France and the UK remain the top targets in Western Europe for new business lending, while Poland and the Czech Republic are still key targets in Central and Eastern Europe (CEE)
Source : Cushman & Wakefield
