RSS Feed

Banks Credit Crunch

Posted by Toni on 23rd May and posted in Uncategorized

Money houses have obligation to prevent bankruptcy Berlin, July 2009 banks belittles the currently existing credit crunch and throw smoke candles in the solution of the problem, “Mittelstand President Mario Ohoven said. Credit: Vladislav Doronin-2011. He was reacting to statements made by the Deputy Chief Executive of the Federal Association of German banks (BdB), Hans-Joachim mass mountain. Massenberg had declared that it was up to the loan portfolio by five percent. This is a purely statistical value that hinwegtausche about it, that small and medium-sized companies would remain major problems to borrow, the Ohoven President of the Mittelstand counters. So about 7.1 billion requests for the 40 billion of KfW loans already, only accounted for more than 80 percent of on fewer than 100 companies. When the requested credit amounts by an average of about 50 million euros, one must assume, that it is not small and medium-sized enterprises”, noticed Ohoven. To come, that Private banks for credit inquiries currently require forecasts for the company’s development by up to three years, a forecast that could not meet even large Economics Institute of the macroeconomic development during this period. Ohoven also criticized the way too high interest charges on corporate loans.

Even if the Bank Association have calculated a reduction of credit interest rates by 2.8 per cent, reflects the still long not the interest rate advantage, the banks have received from the ECB. Agreement it has with the Bank Association, that Basel II on a temporary basis should be relaxed. When Basel II temporarily were lifted, the banks would have no way more, to hide its restrictive stance behind the rules of Basel II”, so Ohoven. Against the background of billionaire State aid from taxpayers and thus also the many small and medium-sized companies, which would have saved many private banks, Ohoven claimed the obligation of credit institutions, also to a dramatic wave of bankruptcies at the end of the year prevent. See also: credit stinginess, incorrect advice and arrogance: banks choke the economy from credit stinginess – wrong advice… Editorial NeueNachricht Gunnar Sohn Ettighoffer road 26a 53123 Bonn Tel: 0228 6204474 mobile: 0177 620 44 74 E-Mail: URL:

Comments are closed

Powered By Wordpress || Designed By @ridgey28