European banks’ not so hidden risks

We’ve analysed quite a few European banks over the past 12 months. As yet, none have made it into the International Fund's portfolio, though the hunt continues. The most compelling opportunities we've found are just too small and illiquid, even for us (trading in the hundreds of euros per day). Others are unusual cooperative/for-profit hybrids and we aren't quite sure where the profit penny (or euro cent) drops. Others, the subject of this post, have fairly obvious landmines on their balance sheet. Most obvious are the Western European banks with significant Eastern European operations. We spent quite a bit...

We’ve analysed quite a few European banks over the past 12 months. As yet, none have made it into the International Fund's portfolio, though the hunt continues.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles