Banks
Commerzbank sees itself in the track
The country’s second largest private money home Commerzbank has left the crisis behind and the profit is significantly increased. At Deutsche Bank, however, looks now also a credit rating a closer.
Watch Video
01:13
Share
The reversal of the trend? The balance sheet of the Commerzbank
Send
google+
Tumblr
VZ
Mr. Wong
del.icio.us
Webnews
Furl
Newsvine
Digg
Permalink : http://dw.com/p/1HuCk
The reversal of the trend? The balance sheet of the Commerzbank
Commerzbank has your profit in the past year quadrupled: you earned under the dash 1.06 billion euros, compared to 266 million Euro in the year 2014, as the second largest Bank of Germany on Friday in Frankfurt / Main announced. Shareholders should, for the first time since 2008, a dividend, in the amount of 20 cents per Anteilschein. The year 2015 has shown that the Bank’s strategy correctly and the implementation is successfully over, said Commerzbank boss Martin Blessing. It is his last annual balance sheet as boss of the financial institution; Blessing had a contract renewal refused, and returns the Item at the end of October.
Blessing was in may 2009 at the top of the Board moved, after the Bankruptcy of U.S. investment Bank Lehman Brothers, Commerzbank, in the autumn of 2008 hit hard had. To get through the financial crisis, the Bank was at that time more than 18 billion euros from the state and began a strict austerity program. Thousands of employees have been dismissed. The Bank stated that it will be your strategy with a customer-centric business model – 2016 “consistently implement”. They strut, their market share continued to increase, and the cost to hold it steady. “From today’s point of view”, expect with a slightly above the previous year’s underlying result. 2016 will be due to the geopolitical and economic environment of a “challenging year”.
The significant increase in net income and the prospect of a dividend at the Commerzbank has for something calming investors worried. The shares of the Geldhauses shot on Friday in the lead by almost 15 percent to 7,34 Euro in the height and recorded so that the largest daily for two and a half years. Since the beginning of the week were the titles in the Maelstrom of a total of very weak financial sector until Thursday to more than twelve per cent slide.
Deutsche Bank under scrutiny
The rating Agency Standard & poor’s takes the ability to pay of Deutsche Bank in its subordinated bonds under the microscope. The Institute have its existing reserves for the operation of these papers to the beginning of the week, although in detail and should be the means of 2016 and 2017 range, said S&P in the night to Friday. But the crucial individual financial statements according to the German Bilanzierungsstandard HGB was very narrow. In addition, there is a large uncertainty how the ongoing litigation, the group restructuring is progressing according and the volatile market environment, the prospects of Germany’s biggest money home stressed, explained the experts. The timely payment of the debt seems to have given. The money home wanted to Ratingentscheidung not Express. Other S&P-Ratings of Deutsche Bank are of the recent decision unaffected.
The editorial recommends
Crash rate continues
The Concerns are on the German stock market returns. The courses in Frankfurt and elsewhere in Europe fall nearly by the Bank on a nod. Especially the large banks hits it hard. (11.02.2016)
Deutsche Bank is considering Anleihenrückkauf
The German Bank checks according to one report, a multi-billion dollar buy-back of bonds. As a volume, and 50 billion euros in speech, reports the “Financial Times”. The stock goes through the roof. (10.02.2016)
Deutsche Bank stressed solvency
After the crash of the course of your share of endeavours, the German Bank, in an unusual step, the investors to calm down. You could use the interest rates for a bond to pay, emphasizes the money home. (09.02.2016)
The deep case of the German Bank
The Deutsche Bank needs about seven billion write off, and weakens even in your core business. How it better should be, at the presentation of the balance sheet is not really clear. From Frankfurt Henrik Böhme.
(28.01.2016)
Bundesbank Board is “relaxed”
The German Bundesbank sees, despite the recent market turmoil, apparently no cause for concern about the stability of the German financial houses. The banks responsible Board member Andreas Dombret said the “Bild”newspaper from Friday, the capital position of German banks has in recent years greatly improved.” The current situation was “not in the Least with the Lehman crisis in 2008, comparable to”. Dombret added: “Therefore, I am now much more relaxed.”
The shares of the German Bank and other institutions were in the last days in the centre of the more violent price fluctuations on the stock exchanges. Particularly striking was the German leader, the last with Milliardenverlusten speeches made. The Institute has within a period of three weeks, about 30 percent of its Börsenwertes lost. Also from the economy were least concerned voices due to the weakness of the German banking sector, according to become. Other hand holds the German Finance Minister, Wolfgang Schäuble, the recent decline in prices at Bankenaktien exaggerated, like he was in Brussels said.
hb/ul (afp,dpa,rtr)