Funds control a third of all bank loans

Funds control a third of all bank loans

One in three loans owed by households and corporations are already owned by foreign funds, fueling their growing presence and turning them into vital players in economic developments. By the end of the year, in fact, they are expected to control 50% of entire private sector debt.

The sum of the credit system loans, serviced or not, comes to 155 billion euros according to end-March data, with €43 billion of that already in foreign hands. By year-end, and after the conclusion of the securitizations planned by the four systemic banks, that sum will rise to €70 billion, and is set to grow further next year, which is when the streamlining of banks’ financial accounts will have been completed through the state asset protection mechanism known as “Hercules.”

The increase in the volume of loans being passed onto funds is marked by the completion of National Bank’s transactions for the “Frontier” package amounting to €6 billion, the Sunrise 1 and 2 securitizations by Piraeus and the Mexico package securitization by Eurobank within this year.

Alpha and National have planned sales and securitizations worth over €10 billion next year.

SEARCH

[%EVENTS_SIDEBAR%]
Previous Next
Close
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.