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By Antoine LE BARS, Partner, Banking and Capital Markets Assurance and Ramy AL GEMAYEL, Manager, Banking and Capital Markets, EY Luxembourg
Traditional banking is hitting a roadblock as increasing credit risk and interest rates are hindering loan production, leading to a surge in private debt investment in the global and European markets and paving the way for a new era of corporate lending. In this article, we will explore the impacts of these emerging trends at the Luxembourg market level.
It comes as no surprise that the latest EY European Bank Lending Economic Forecast issued in Q2 2023 predicted that bank lending growth across the Eurozone will slow from a high of 5% in 2022 to 2.1% in 2023, due to high...
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