Lenders reckon they’ll make budget

By Mike Turner
27 Oct 2020

Loan syndicate desk heads at major European lenders are expecting to make budget this year, but the bulk of their desks’ profits will not be coming from the usual sources of loan income nor the torrent of bridge loans that hit the market in the Spring outbreak of the coronavirus pandemic.

“We’re just sitting down to look at next year’s budget now,” said one head of loans. “From a loans perspective, this year has been quite successful, though obviously only through that lens.”

Other heads of loans agreed, with one adding that “Covid has actually made this year good in ...

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