Cathal McElroy
Banking Markets Reporter at S&P Global Market Intelligence
Business journalist specialising in European banking, with a focus on France and Spain. Ambivalent. Views my own.
Articles
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May 22, 2024 |
spglobal.com | Cathal McElroy
Investors expect surge in bad commercial real estate loans at European banks Panelists at the DD Talks NPL conference in Barcelona, Spain discuss the European commercial real estate sector. Source: DD Talks Bad commercial real estate loans at European banks are set to surge in the coming quarters, according to buyers of distressed property debt.
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Nov 29, 2023 |
spglobal.com | Cathal McElroy
Europe needs capital markets union to fund green transition – Deutsche Bank CEO The European Union needs to intensify its efforts to establish a capital markets union so that hundreds of billions of euros of private capital can be accessed to help fund the region's green transition, Deutsche Bank AG CEO Christian Sewing said.
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Nov 2, 2023 |
spglobal.com | Cathal McElroy
Société Générale SA's prolonged and painful fall in lending income from its important French retail banking business is at an end, according to CFO Claire Dumas. The French banking giant expects net interest income (NII), the difference between interest revenues and interest expenses, to increase in the fourth quarter. SocGen had previously forecast NII to finally pick up in the first half of 2024.
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Oct 30, 2023 |
spglobal.com | Cathal McElroy
Banco Bilbao Vizcaya Argentaria SA increased its guidance for lending income growth in 2023 while forecasting higher revenues for the coming quarters driven by its Spanish and Mexican businesses. The Spanish bank, which also operates across Latin America and Turkey, expects net interest income (NII) to increase by 50% in Spain and close to 20% in Mexico in 2023 as both markets benefit from higher interest rates.
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Oct 26, 2023 |
spglobal.com | Cathal McElroy
CaixaBank SA expects income from lending in 2024 to match the more than €10 billion it now forecasts to make in 2023 as lower-than-expected deposit costs boost margins. Analysts had forecast CaixaBank to make €9.53 billion in net interest income (NII) in 2023 and €9.4 billion in 2024, according to the S&P Global Market Intelligence mean consensus estimate.
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Geopolitical risks threaten European banks' global footprints | S&P Global Market Intelligence #banks #IranIsraelConflict #Geopolitics https://t.co/Q1pvWVC6Cp https://t.co/R6vopVLlpE
Several European #banks have bet big on auto finance. But one is having problems stretching its lead on rivals after a major merger. #SocGen braces for bumpy road ahead as auto arm's share price slump accelerates | S&P Global Market Intelligence https://t.co/RcAUmqPjjO
