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Analyses on Peninsula (5)
- May 3, 2026
- April 30, 2026
- March 4, 2026March 4, 2026
- Follow-up
Peninsula 2025: Project Finance After Value, Growth, Concentration, and the Risk Ladder
Peninsula has built a project-finance book that is already large enough to move the group thesis, but by the end of 2025 its profitability still lagged its weight, concentration remained high, and the risk ladder had already shifted down faster than the growth engine had matured.

- Follow-up
Peninsula 2025: The Specific File, the New Settlement, and What Risk Still Remains
Peninsula's direct exposure to the specific file is smaller in 2025, but part of that reduction came through third-party financing that gained economic priority over the mortgaged real estate and left the company with a contingent repayment undertaking, so the risk changed form…

Peninsula 2025: Profit Is Up, but Risk Has Moved Deeper into the Book
Peninsula is entering 2026 with a stronger revenue engine and a more diversified funding base, but also with a more complex credit book and greater sensitivity to underwriting quality, especially around real estate and project finance.
















