The fourth issue of Deleveraging Europe gives an overview of the
activity in the European loan portfolio market in 2016. We outline
our expectations on how key markets and specifically loan sale
transactions may evolve in the coming year and we hear the views
directly from the market players - both buyers and sellers –
on where they see the largest opportunities arising.
Overview
Six months ago we forecast a resurgence in distressed debt sales
across Europe in the second half of 2016. Did banks continue to
deleverage at the same pace? What do we expect to see in the loan
sale market in 2017?
The European distressed debt market has regained momentum.
Uncertainty over the terms of Brexit and the US Presidential
transition temporarily delayed deal making in mid-2016, but the
fundamental balance sheet and regulatory drivers of deleveraging
proved stronger.
