Non-bank Finance to take Bigger Chunk of Loan Market
Non-bank finance is set to play a bigger role in the loan market says the Loan Market Association (LMA), with a poll of members showing that 86% expect it to increase its share over the next five years. Of these, 30% believe the increase will be ‘significant’.
The LMA’s annual conference, held in London on September 9, attracted 850 loan market professionals. “The LMA’s membership is at its highest ever, having recently surpassed 570 organisations, covering 57 jurisdictions, with 87 new members joining this year,” the association announced, adding that it offered “evidence of the LMA’s expanding role in the Europe, the Middle East and Africa [EMEA] loan market.”
The poll of conference attendees also showed that 68% of respondents believe the syndicated loan market will grow by at least 10% in the next 12 months.
Among the other poll results: