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Search resuls for: "Illimity Bank"


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'We need lower interest rates' in Europe says Illimity CEO
  + stars: | 2024-11-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'We need lower interest rates' in Europe says Illimity CEOIllimity Bank founder and CEO Corrado Passera joins Squawk Box to discuss the lender's latest earnings and the wider banking sector.
Persons: Corrado Passera Organizations: Illimity Bank Locations: Europe
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBasic rules of banking seem to be forgotten in the U.S. banking system, says illimity Bank CEOCorrado Passera, CEO of illimity Bank, discusses the contrast between the U.S. and European banking systems.
German specialised property lenders such as Aareal Bank (ARLG.DE), Deutsche Pfandbriefbank (PBBG.DE) and Berlin Hyp, have a bigger concentration of real estate exposure, analysts added. Blackstone (BX.N) recently blocked withdrawals from its $70 billion real estate income trust after facing a flurry of redemption requests. Open-ended real estate funds in Britain have also battled to meet strong demand for redemptions. In Europe, CRE exposure for smaller banks, more at risk of deposit flight, is estimated at under 30% of all loans, Capital Economics said. "On the other, real estate owners themselves are going to face quite material increase in costs."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSVB bank collapse would not have happened in Europe: illimity Bank CEOCorrado Passera, CEO of illimity Bank, says that's partly because of the "pervasive controls" that have been applied in the continent.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailShould expect increase in non-performing loans in 2023, argues Illimity bank CEOCorrado Passera, CEO of Illimity bank, outlines the bank's earnings after the Italian lender slashed its guidance for 2023 despite strong fourth-quarter numbers.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailItaly seeing strong growth and political clarity: Illimity Bank CEOCorrado Passera, CEO of illimity Bank, discusses the lender's third-quarter earnings, his outlook for the Italian economy, and how two decades of work have prepared the Italian banking sector for challenges ahead.
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