LONDON--(BUSINESS WIRE)--
Banks are only able to take on a fraction of Europe’s growing demand for loans, leaving the way open for alternative investors to fill the credit gap. In this compelling landscape, and credit funds will have a key role to play, according to a new report published by Citi.
Over the next five to ten years, more than $1 trillion worth of loans will need to be financed to keep the European economy growing. The International Monetary Fund estimates that European banks need to reduce their asset base by $2.6 trillion, with 25% from lower lending and 75% from asset sales or profit retention.
Like any new market development, there is inherent risk and opportunity. There are also outside factors to consider such as new regulation, operational complexity.
The report features guest commentary from CVC Credit Partners, Intermediate Capital Group (ICG), M&G Investments, Park Square Capital, Primerica and Tyndaris.
Please find the report at the following link: http://www.citibank.com/transactionservices/home/securities_svcs/docs/cfo.pdf
Citi’s Securities and Fund Services provides customized solutions that support the diverse investment and transaction strategies of investors, issuers and intermediaries worldwide. Offering a suite of investment administration, portfolio and fund services, trust and custody and investment and financing solutions, Citi helps clients meet the challenges of issuing, managing and distributing financial products and services in today’s complex and competitive marketplace.
About Citi’s Transaction Services
Citi’s Transaction Services comprises Securities and Fund Services and Treasury and Trade Solutions, and is an integral part of Citi’s Institutional Clients Group. Transaction Services offers integrated cash management, trade and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 97 countries, Citi’s transaction services supports over 75,000 clients. As of the first quarter of 2013, transaction services held on average $415 billion in liability balances and $13.5 trillion in assets under custody.
About Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
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