BNP, SocGen Lose Europe Loans Share as Post-Lehman Wins Fade
This article is for subscribers only.
France’s three biggest banks’ share of underwriting European loans tumbled to the lowest in five years as the region’s deepening crisis forces their retreat.
BNP Paribas SA, Credit Agricole SA and Societe Generale SA’s combined share of the $933 billion in syndicated loans this year in Europe, the Middle East and Africa fell to 14.9 percent from 16 percent, data compiled by Bloomberg show, as they gave back gains made after emerging stronger than rivals following the 2008 collapse of Lehman Brothers Holdings Inc. In France, the banks had the smallest slice of loans since at least 1999.