United Kingdom

ABSLloyds increases its senior tranche and sets final terms on Permanent 2023-2 (Debtwire) 

ABS NewDay offers UK credit card ABS from Partnership vehicle (Debtwire) 

Banking OakNorth reached £900m of business lending in H1 2023 (Altfi) 

ABS – Pricing of two BLT and one OO RMBS transactions in the UK (Debtwire), (Debtwire), (Debtwire) 

ABS – Lendinvest secures £500m funding commitment from Chetwood Financial (Lendinvest) 

Credit UK regulator updates “Mortgages and Home Finance: Conduct of Business” to accommodate Mortgage Charter (Debtwire) 

ABS – Shawbrook retains £677.8m UK RMBS deal (Debtwire) 

Credit UK government agrees Mortgage Charter with major lenders (Debtwire) 

Banking Anne Boden to step down as Starling Bank CEO as bank reports record profits of £195m (altfi) 

ABS – Arquiva prices £250m five-year bond out of its whole business securitisation (Debtwire) 


RMBS Dilosk opens books on Irish BTL RMBS (Debtwire) 

RMBS Panelview pre-places Irish mortgage NPL refi Portman Square 2023-NPL1 (Debtwire) 

BankingBawag banking group confirms plan to offer Irish mortgages through MoCo (The Irish Times) 


BankingDomestic banks closed 1Q2023 with the highest recorded profitability since 2010, reaching an average ROE of 13.9% (+5.4p.p. Y-o-Y) (ECO) 

BankingBPI issued €500m of covered bonds with a fixed coupon rate of 3.6% (BPI) 

BankingCrédito Agrícola issued €200m of social bonds with an annual coupon of 8.4% (Crédito Agrícola) 

CreditIn May 2023, bank deposits saw the biggest Y-o-Y decline in more than a decade (-1.6% Y-o-Y) (ECO) 

CreditIn May 2023, the mortgage loan book for Portuguese banks showed the smallest Y-o-Y increase in three years (+0.9% Y-o-Y) (ECO) 

Bankingnovobanco announces early redemption option of €300m senior preferred notes due 2024 (CMVM) 

BankingBanco Montepio sold seven thousand properties between 2018 and 2022, earning €900m (ECO) 

Real EstateDavidson Kempner sells hotel group, the first asset bought from the banks that owned the ECS funds, to Arrow Group (Jornal Económico) 


ABS – NPE Portfolio Sky of c €2.3bn GBV has been successfully transferred from Alpha Bank Cyprus to Cerberus, improving its NPE ratio to c.5% ( 


The Netherlands

RegulatoryThe Dutch Cabinet is considering extending current measures that limit rent increases in the private sector for another three years (fd.) 

House pricesAverage WOZ-valuation rose 16.4% Y-o-Y to January reaching its highest level yet (fd.) 

ABSa.s.r.’s STS prime RMBS priced at 46bps over 3ME, inside price guidance and 2.4x coverage (Debtwire) 

ABS Dutch Property Finance 2018-1 to be called in July (Debtwire) 

Housing market The number of home sales has come out of its trough and an upward trend is visible (Calcasa) 

Housing market Market expected to stabilise in 2024 as falling prices and rising incomes increase affordability (Rabobank) 


BankingBarclays is preparing the sale of its consumer-finance business in Germany and has held preliminary talks with potential buyers (Bloomberg) 

BankingDeutsche Bank is pushing ahead with its offensive in the domestic transaction business, having won the mandate issuing Lufthansa’s “Miles & More” credit cards (finanz-szene) 

BankingFinance platform Solaris has raised €38 million in its Series F equity finance round (Solarisgroup) 

ABSVolkswagen Leasing’s STS auto ABS priced its triple-A rated senior notes at 42bps over 1ME, at the tight end of guidance (Debtwire) 

M&A Aareal Bank concludes takeover by bidder company led by Advent International and Centerbridge Partners (aareal-bank) 

Banking Commerzbank aims for second share buyback after half-year results (FT) 

Credit Teylor, Barclays, M&G Investments announce funding deal (teylor)