Deutsche Bank, UBS, SocGen Calm on Private Credit Exposures

Top executives from Deutsche Bank AG, UBS Group AG and Societe Generale SA touted the quality of their exposures to private credit as the industry faces concerns over underwriting standards and the impact of artificial intelligence.

At SocGen, the level of repricing of collateral is “non-significant” while “problem credit across thousands of names is marginal,” Chief Executive Officer Slawomir Krupa said Tuesday at a conference hosted by Morgan Stanley. His peer at Deutsche Bank, Christian Sewing, said at the same event that the German lender hasn’t lost any money on private credit exposures.