In every issue, In the Market covers “Highlights” where we publish key KPMG analysis and articles on the topics influencing buy side and sell side activity. “Key Deals and Activity” features interactive dashboards for you to analyse key transactions across EMEA (click here to view). Our “Wider insights” section covers views and content from beyond EMEA or banking that are influencing the market.
Partner, Financial Services, KPMG in the UK
T: +44 (0) 207 311 8151
Partner, Portfolio Solutions Group and Deal Advisory, KPMG in the UK
T: +44 (0)207 311 8150
In this month’s ITM, we analyse the impact of the termination of the Bank of England’s Quantitative Easing and Term Funding Schemes, which has provided a low cost source of funding for UK banks over the last decade.
Transaction wise we look into Brookfield’s acquisition of a 25% stake in the pan-European servicer LCM Partners, we observe Ulster Bank’s planned €1.3 billion RMBS portfolio that originated in the Republic of Ireland.
And finally, we delve into the sale of a majority stake in Intesa Sanpaolo’s €10.8 billion non-performing loan portfolio to Intrum and CarVal Investors. The transaction also includes the sale of the bank’s servicing platform, for which Intesa Sanpaolo will continue to hold a 49% stake. Also, in Spain, Sareb and Banco Sabadell continue to progress large loan sales (€10 billion and €8 billion respectivey) while UniCredit has began market sounding on a €2 billion NPL SME book.
Read the full April edition of In the Market newsletter, for more details.
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