Wednesday, July 22, 2009

Cellular Respirationpoem

Eastern Savings Bank: refurbished "No sign of credit crunch"

The East German savings banks have overcome the effects of the financial crisis well. Also in 2009, provides for the Executive President of the East German Savings Bank Association (OSV), Claus Friedrich Holtmann, "Focus optimistic." "The East-savings are a solid anchor for the local middle class. From a stock savings bank in the credit crunch can be no question." By Annette Hörnig

just turned in a serious crisis, the East-savings as a stabilizing factor, the Executive President Claus Friedrich Holtmann told the OSV-annual press conference in Berlin. The year 2008 ended with the total assets of € 99,024.6 million (previous year: 97249.6 million euros). The 49-OSV savings in Brandenburg, Mecklenburg-Western Pomerania, Saxony and Saxony-Anhalt ranged from EUR 2.5 billion in new loans to businesses and professionals. Although many business customers repaid their old loans, the loan portfolio increased in this market segment for the first time again by 1.3 percent (182 million €). were also to private and public households significantly more loans have been enough. € 5.4 billion, the loan amount increased by 20 percent compared to 2007, "We are expected to grow in 2009 in this segment," said Holt.
Despite the adverse demographic trends recorded the east-savings and an increase in customer deposits: volume increased by 2.0 Percent (1.5 billion euros) to 77.9 billion euros. Especially in the 4th Quarter of 2008, many customers of their savings in the bank: "The financial crisis has reinforced the confidence of customers in their solid savings banks," said Church President OSV Holtmann. The security needs of customers is also reflected in the trend again: the home ownership savings achieved LBS Ost AG is the second best result in its history were ab.Insgesamt closed every second building society in the east in east-LBS between Zwickau and Zinnowitz 212 685 new home savings contracts for a total of 3 completed 6 billion euros - an increase of 33 percent!

asides

the margins of the Conference expressed Holt also a possible nationalization of shaky Hypo Real Estate Bank: "Whether a state shield better than a takeover by the state I do not know, but I think it's good if the Federal Chancellor from these considerations, the economic aspects. in the foreground. "
And with a swipe at those competitors who are currently tax-funded government assistance claim, after they had previously speculated risky and lost: "The spread of umbrellas for the competition must not cause it at our house is raining."
It also support a deposit-protection of customers of the Icelandic Kaupthing Bank: "I think it is right that savers who have invested their money in Iceland, do not lose everything completely, but a certain deductible would be appropriate -.. Better to keep 95 percent of the money to lose than 100 percent"
Holt also said to be a more extensive involvement of the Eastern savings banks in the regions: "We continue our commitment to cultural, sporting and social remain unchanged Our foundation has invested their money very conservatively, our money is because we have steady flow..! " Source: Super-Illu

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