Smaller Gulf lenders attempt to squeeze out big banks

Some banks in the Middle East are turning their backs on the syndicated lending model as a way to try to preserve larger allocations in deals, according to a number of bankers from the region. Mike Turner reports.

  • By Mike Turner
  • 06 Sep 2018

“Deals are all done very hush hush,” said one Gulf-based loans banker. “We are trying to avoid syndicating.”

A second banker agreed that this was the case, adding: “We push for club deals as much as we can.”

Lenders from outside the Gulf have noticed, with two loans officials at ...

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 214,124.53 561 11.39%
2 Bank of America Merrill Lynch 195,899.21 603 10.42%
3 Citi 115,539.89 347 6.14%
4 Wells Fargo Securities 102,971.93 380 5.48%
5 MUFG 99,604.74 569 5.30%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Sumitomo Mitsui Financial Group 3,299.26 7 9.41%
2 Standard Chartered Bank 3,013.82 10 8.60%
3 First Abu Dhabi Bank 2,953.95 12 8.43%
4 BNP Paribas 2,737.23 6 7.81%
5 Citi 2,083.52 9 5.94%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 5,725.19 29 6.43%
2 JPMorgan 5,589.28 27 6.28%
3 Credit Agricole CIB 5,408.68 30 6.07%
4 Deutsche Bank 5,084.59 30 5.71%
5 BNP Paribas 4,989.41 40 5.60%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 27,431.07 110 7.86%
2 Credit Agricole CIB 25,676.63 105 7.36%
3 JPMorgan 21,834.93 53 6.26%
4 Bank of America Merrill Lynch 21,382.31 54 6.13%
5 SG Corporate & Investment Banking 16,639.52 78 4.77%

Syndicated Loan Revenue - EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2016
1 HSBC 35.45 69 6.71%
2 BNP Paribas 31.67 78 5.99%
3 ING 31.21 74 5.90%
4 Citi 22.60 36 4.27%
5 Deutsche Bank 21.89 32 4.14%