Intermediate Capital on the hunt for banking sector assets

first_img Intermediate Capital on the hunt for banking sector assets Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof BUYOUT lender Intermediate Capital Group said it would stay on the lookout for investment opportunities as banks, weakened by the debt crisis, look to shed assets.In August, Intermediate Capital bought a €1.4bn (£1.2bn) portfolio of European loans from Royal Bank of Scotland, and the company said yesterday that the sector would throw up further opportunities for deals next year.“We’ll look at opportunities in the banking sector in general,” chief executive Christophe Evain said, adding the situation in Ireland, whose banks have been battered by the country’s sovereign debt crisis, “might become interesting”.The company, which specialises in providing mezzanine financing, said it was also targeting growth in its fund management division and rising profits as gains made on its investments boosted its first half.Pre-tax profit for the six months ended 30 September rose to £105.1m, against £97.7m in the previous six months, and more than 10 times the year-earlier figure.Finance director Philip Keller said the company’s second-half performance would be “fairly similar” to that of the first half, but added that it might not make the same level of capital gains. whatsapp Show Comments ▼ KCS-content Sharecenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Center whatsapp Tuesday 23 November 2010 7:22 pm Tags: NULLlast_img read more