According to informants Reuters Deutsche Bank is looking for ways to complete withdrawal from Poland. Intention to sell Polish business was to solve the difficult financial situation of the German giant, according to Reuters. German operator Deutsche Bank’s need for money to increase their capital buffers and improve the safety performance of the required financial control.
About the complex global situation, Deutsche Bank was considered for several months. Last year the Bank announced large losses (6.7 billion euros), and this barely stays above the line. Investors are also alarmed by the huge commitment of the Bank in the derivatives market, and the prospect of paying huge penalties. It is primarily about what the American Department of Justice has demanded from Deutsche Bank $ 14 billion compensation for the fact that in the period 2005-07 to sell its clients securities backed loans hipotecznymi, which was partially niespłacalne. In early October, the AFP news Agency reported, however, that the Bank is close to reaching an agreement with the Americans, and that its value will not be equal to “OK”. half of the primary requests of the Ministry of Justice.
– This is another foreign Bank that he wants to get rid of their business in Poland. In such a situation are Italian UniCredit and Austria’s Raiffeisen. Italian UniCredit group in need of 7-8 billion euros to strengthen its capital position. Therefore put up for sale your Bank of Poland – Pekao. Interested in buying, this ROM, with the support of the Polish government. The deal with ROM needs to be completed in November. At the end of last year, the portfolio of UniCredit was niespłacane in the life of the loan in the amount of 85 billion euros. Unofficial information suggests that PZU wants to pay for control of the second largest Bank in Poland, 3 billion euros. But the Italians want € 0.5 billion more.
On sale well as Raiffeisen group, which earlier in the week sold his company to a leasing Bank PKO BP. The rest of the Polish business (excluding loans frankowych) – according to speculation in the market is to take Alior belonging to the state ROM. Now, thanks to the acquisition of the BPH assets for 1.2 billion roubles Ltd secures probably rank number eight in the ranking of the largest banks in Poland. From this transaction also were disconnected the entire portfolio of mortgage loans.
Big changes właścicielskie is the effect of the bad situation on the Italian and German market, where banks cave in under the weight of bad debts. In total, Italian banks have portfolios of approx. 360 billion euros of bad loans – about 17 percent. all provided. For comparison, in Poland this percentage is 7.3 percent. As reported by the magazine “Financial Times” in General, Italian banks are not enough 38 billion euros of core capital cover of losses that should occur after the inevitable increase in the scale of created Bank reserves for irrecoverable loans.
the Problem is also on the German banking sector. In June, Bremer billions of additional costs recorded on a loss of 400 million Euro loan. In turn, Commerzbank has promised dismissals, reducing the number of operational centres and the limitation of paid investors dividends.
a Bad situation of foreign banks into the hand of the Polish government. This is because the current government wants repolonizacji the banking sector, but in practice more upaństwowienia banks in Poland. If we could implement this plan, it is the participation of Polish capital in the banking sector would have grown from approx. 35%. at the present time to more than half.
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