Banking and Credit Bulletin | 13 December 2023

ECM – Qatar slashes stake in Barclays with a £510m share sale (ft) 

Funding – Nucleus Commercial Finance lands a £200m funding agreement with NatWest (Altfi) 

ABS – Barclays prices Gemgarto 2023-1, its first Kensington Mortgages-originated RMBS since the acquisition (debtwire) 

M&A – Onate seals new €50m funding deal with NatWest for Irish loans (Independent) 

M&A – Austrian-owned MoCo starts ‘soft launch’ of Irish mortgages (IrishTimes) 

Credit – Number of circulating credit cards declined by 13% in 12 months (finanz-szene) 

Credit – Private bank Julius Baer reportedly extended a €600m loan facility to now troubled Signa group and has now substantially increased its provisioning against the facility (manager magazin) 

Banking – Trade Republic is expected to receive a banking license shortly, making it the third German Fintech to receive one (manager magazin) 

Banking – Aareal Bank completes delisting (Aareal)