This is the executive summary and highlights of our European outlook. Our full report has specific analysis and comment on the regions below - for further information please contact Richard Thompson, Robert Boulding or Panos Mizios.
Over the last 12 months, transaction levels in the non core loan portfolio and NPL market have increased significantly, with banks more actively looking to dispose non strategic or non performing parts of their loan portfolios. So has the “golden age” of investing in distressed debt finally started?
We believe that the European deleveraging process is still at a very early stage, with many, predominantly peripheral countries covered in our current issue reporting stable or marginal loan growth between 2010 and 2011. We strongly believe that the market has significant room for growth and we estimate that non core loan portfolios with a face value in excess of EUR 50bn will be transacted by the end of 2012.
In our 4th annual European outlook we explore the activity and outlook for the key European non core asset markets.