Loan syndication

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Loan syndication

Group of banks sharing a loan. See: Syndicate.

Loan Syndication

A practice in which several banks each lend an amount of money to a borrower at the same time and for the same purpose. The banks participating in the loan syndication cooperate with each other for the duration of the project, even if they are otherwise competitors. Bank syndicates usually only lend large amounts of money that the individual banks could not afford easily. Loan syndication is a temporary arrangement between the banks. See also: Syndicate.
References in periodicals archive ?
Jinzi Huang joined the Swiss bank as a vice president this week and is to report to Ashish Sharma, head of Apac loan syndications at the lender.
Dubai A combination of factors such as rising debt maturities, high volatility in global markets and the absence of European banks from the loan syndication market is expected to increase the refinancing risk in the Gulf region, according to rating agency Standard & Poor's and independent analysts.
On the bank side, the economics of a typical bank loan syndication do not differ essentially from the economics of a best-efforts securities underwriting.
In the area of global loan syndications, where we've achieved perhaps our most visible success, we last year originated, structured, and distributed some $185 billion in bank credit facilities, up from $110 billion in 1992.
Fatovic, with more than 20 years experience in bank financing and loan syndications, previously was with Standard Chartered Bank PLC, where he was responsible for underwriting, managing and trading a portfolio of US loans.
AS) has named Edward Brown as global head of loan syndications based in London.
Standard Chartered topped the first half league tale in fee income from loan syndications in the region with $7.
loan transactions for both portfolios and securitizations, including permanent, interim and construction loan financing, loan syndications and participations, co-lending arrangements, mezzanine finance, and mortgage loan foreclosures and workouts.
NEW YORK -- Credit Agricole Corporate and Investment Bank, Credit Agricole Group's corporate and investment banking arm, today announced the appointment of Jaime Frontera as Managing Director in the Loan Syndications Group in New York City.
He has served as the team leader of the Central Region Middle Market Debt Capital Markets team in Chicago, supporting various regional commercial banking offices in originating loan syndications and high-yield debt transactions.
Jon has 34 years of experience across several financial services sectors, including investment banking, advisory, leveraged finance, loan syndications and international.
Alpha Bank Ltd, the second largest bank in Greece, has selected FLEXCUBE from i-flex solutions, a provider of IT solutions to the financial services industry, for its consumer lending operations and loan syndications.