FinanceAsia How would you assess the performance of the loans market across Asia for the first part of the year
Philip Cracknell It's been pretty good. Before the Asian crisis, the volumes of syndicated loans were high, about $176 billion from over 1,500 deals, so it was a huge market with a lot of activity. Then the Asian crisis hit at the end of 1997 and the volume went down in 1998 to $75 billion. It started to pick up in 1999 and then there was a good year in 2000, with over $200 billion. For the year to date there has been $113 billion so it is likely that we could reach or...
