LONDON Jan 17 Japanese and other Asian banks
cemented their positions as the lead arrangers for
project-financing deals last year while several big European
banks continued to retreat from the business as they shrink
their balance sheets.
There were $204 billion of project finance deals globally
last year, up 0.8 percent from 2012, and the top six arrangers
were from Japan, India, China and Korea, according to Thomson
Mitsubishi UFJ ranked first, the same as 2012,
after arranging deals worth $11.5 billion for a 5.7 percent
market share, Thomson Reuters estimated.
State Bank of India was second with a 4.9 percent
market share, followed by China Development Bank, which jumped
from 47th place in 2012 and grabbed a 4.1 percent market share.
France's Credit Agricole was the highest ranking
European bank in seventh spot with a 2.5 percent share, just
ahead of HSBC and Barclays.
BNP Paribas and Societe Generale
previously ranked among the top firms in project finance but
they have reduced activity since 2011 as they came under
pressure to shrink their balance sheets.
SocGen ranked 16th last year, down from eighth in 2012, and
BNP Paribas slipped to 17th from ninth.
Power projects accounted for $70.1 billion of last year's
business, or more than one-third of the total. Oil & gas deals
and transportation each accounted for a fifth of volume.
Europe, Middle East and Africa was the most active region,
with $90 billion of deals, up by a quarter from 2012, Thomson
Reuters said. Americas deal proceeds rose 21 percent to $51
billion, but Asia volume fell 29 percent to $63 billion.