Rising interest rates - peak already reached
Two years ago, net interest contributions were only in the low 20s. However, thanks to rising interest rates, the net interest margin has increased significantly. But the peak has probably already been reached. According to our research team, the net interest margin will decline again this year.
Falling lending volume
Asset managers generally have two types of loans on their balance sheets: Mortgage loans and Lombard loans. While mortgages depend on developments on real estate markets, Lombard loans are susceptible to volatile financial markets. In principle, it seems that clients' appetite for risk has decreased.
Risk situation - differences in loan provisions
As with all other banking transactions, it is crucial to keep risks under control when granting loans. The size of a loan portfolio is less relevant; what matters more is the value of the collateral. While a large loan portfolio can be managed conservatively and result in minimal losses, a small but "powerful" portfolio (due to the use of more "exotic" collateral, among other factors) can result in significant losses.
