Kaupthing Singer & Freidlander has 41% property exposure

According to a statement of administrator’s proposal filed at Companies House, by Ernst & Young, property makes up £1.4bn of its £3bn loan book. Lending is split in to a £937m property loan book of and £428m (a third) of its 1.3bn private banking loan book.In its separate £937m property loan book, large commercial assets made up 35%, with 21% overseas and 15% exposure to residential developments, over 250 customers.