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21 July 2006
250-plus responses with over 50% from sponsors that will tap the market next year – the 2006 market survey indicates a gulf between the standing of some players in volume-based tables, how they are perceived by the market and what banks think sponsors value most.
The following question in this year's borrower survey prompted more axe-grinding than Henry VIII's marriage counselling: Which banks do you rate least in the following sectors (oil and gas, PFI. renewables, power, transport)?
Around 50% of sponsors responded to the question and the major banks came off worst, arguably because they have the biggest customer bases and therefore more opportunity to get it wrong.
Subjectivity aside – one respondent in a single stroke stated all South African banks are not up to scratch on PFI, and another clearly had an issue with Irish bank margins – it is surprising that only 50% of respondents had something negative to say: Ask for a negative response on the retail banking sector and the rate would probably be nearer 100%. Furthermore, some banks were noticeable by their absence – for example from last year's top 10 global arrangers by volume, both Mizuho and...
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