BANCI | ENGLISH

Austrian Sparkassen have granted EUR 8.1 billion in new loans in 2011

Autor: Bancherul.ro
2011-11-09 18:02

- Erste Bank expects demand for credit to decrease in 4Q 2011 and in 2012

- Management Board member Thomas Uher: “No credit crunch for 2012, the credit pipeline is open”

Erste Bank and Sparkassen (Austrian savings banks) extended a total of EUR 8.1 billion in loans in the first three quarters of 2011 and therefore, 22.1% more than in the same period of the previous year and even more than for the full year 2010 (see Table), said the bank in a press release.

“Demand for loans was higher than we had originally expected,” said Thomas Uher, Management Board member of Erste Bank Oesterreich, the savings banks lead instititute. Loans for capital goods and housing have increased the most. Thomas Uher expects a trend reversal in 4Q and the year 2012: “We expect to see a decrease in demand for credit in 2012 despite the interest rate cut by ECB. The propensity to invest among businesses is decreasing perceptibly.“

However, the bank does not believe there is any risk of a credit crunch: “I do not perceive any credit crunch – neither this year nor in 2012. Our credit pipeline is open and will remain open,” Thomas Uher summarized the assessment of the Sparkassen Group. For the year 2012, experts at Erste Bank expect rather moderate market growth (credit volume) of some 2% or EUR 6.3 billion. Private individuals as well as small and medium-sized companies will continue to be granted loans in the view of Erste Bank, but the cost of credit will increase. “It is like with gasoline. When the price of crude oil rises, the price of gasoline also goes up. Presently, liquidity costs are rising due to Basel III and the capital requirement rules of the supervisory authorities throughout Europe, which are making credit more expensive,” explained the financial expert.

Erste Bank and Sparkassen reported a credit volume of EUR 65.7 billion as of 30 Sept. 2011, which is 1.6% or EUR one billion higher versus the end of 2010 (EUR 64.7 billion). Credit volume increases when there are more new loans being granted than maturing loans. At present, the net balance of loans granted by the Sparkassen is positive. In the segment of private households, the Sparkassen holds a market share in the financing business of 19%, and in the corporate segment of 17%.

Comentarii

Adauga un comentariu

Adauga un comentariu folosind contul de Facebook

Alte stiri din categoria: ENGLISH

Merger of Alpha Bank and UniCredit Bank Romania

Press Release: "Alpha Services and Holdings announces a strategic partnership with UniCredit in Romania Merger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by total assets, with Alpha Bank retaining a detalii

National Bank of Romania (NBR) Board decisions on monetary policy

NBR Board decisions on monetary policy In its meeting of 4 April 2023, the Board of the National Bank of Romania decided: • to keep the monetary policy rate at 7.00 percent per annum; • to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum; • to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions. The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and detalii

ING posts 2022 net result of €3,674 million, dividend of €0.389 per share

ING press release: ING posts FY2022 net result of €3,674 million,
proposed final 2022 dividend of €0.389 per share

4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%
•
Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income
•
Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter
•
Risk costs declined to 17 bps of average customer lending

Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits
•
On a full-year basis, our primary customer base grew by 585,000 detalii

BT Financial Results as at 30 September 2022

BT Financial Results as at 30 September 2022 Banca Transilvania – sustained growth in customers and operations during the first nine months of the year "We continued our robust growth in the number of clients and transactions, with a dynamic well above the market average. We have been growing steadily and continued financing companies and individuals, despite the fact that the financial market is more fraught with uncertainty than ever and
the funding costs and capital requirements are additional factors driving the uncertainty in the economy. We remain committed to our objective - to be the main supporter of the economy and of the state for the development of Romania", states Mr. Ӧmer Tetik, Chief Executive detalii

Vezi toate stirile

23.04.2024

1 EUR = lei
1 USD = lei

Sursa BNR

Profil de Bancher

Bogdan Apahidean, Director General
LeasePlan

... vezi profil

Toate Profilele

Profil de Banca

EximBank

vezi detalii

Toate Bancile

Filmul Parking, un cliseu plictisitor

Toate stirile

ING Bank

Toate stirile

Ultimele Comentarii

Refuz de plată la o benzinărie suma de 103 euro
Mi s-au retras de două ori suma de 48 euro și suma de 103 euro suma corectă este de 48 de euro ... detalii
nevoia de banci
De ce credeti ca acum nu mai avem nevoie de banci si firme de asigurari? Pentru ca acum avem ... detalii
Mda
ACUM nu e nevoie de asa ceva .. acum vreo 20 de ani era nevoie ... ACUM de fapt nu mai e asa multa ... detalii
oprire pe salariu garanti bank
mi sa virat 2500de lei din care a fost oprit 850 de lei urmand sa mi se deblocheze restul sumei ... detalii
Amânare rate
Buna ziua, Am rămas în urma cu ratele , va rog frumos sa ma ajutați cumva , soțul a pierdut ... detalii

Nume	*
E-mail	*
E-mail prieten	*
Mesaj
Cod validare	*
	Tastati codul din imagine (doar cifre)
	195.154.184.126