Copying and distributing are prohibited without permission of the publisher
Are you being served?
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...
Take a free website trial to read this article. It’s easy to get a trial – just follow this link or email email@example.com.
Or, if you’re a subscriber or have an active trial, simply log in below to read the article.
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Taking a free trial will give you access to the latest news and analysis, as
well as the online deals database, BenchBase. Start your free trial today.