Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 1 (3 lettori)
- Creatore Discussione negusneg
- Data di Inizio
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- Tags
- additional tier 1 bail in basilea 3 coco bonds crd iv genussscheine grandfathering hybrid bond loss absorption lower tier 2 make whole amount matusalem bond obbligazioni irredimibili obbligazioni perpetue obbligazioni subordinate perpetual bond preference shares restricted tier 1 tier 1 upper tier 2
- Stato
ferdo
Utente Senior
no perpetual no party
Forumer storico
sns risultati
niente di buono
net loss of €225 million for the Group
utile di 368 ml per banca-assicurazione,
perdita secca di 593 ml per la parte real estate
Highlights 2010
NET PROFIT SNS REAAL EXCLUDING PROPERTY FINANCE INCREASED 56% TO €368 MILLION
Net profit SNS Retail Bank up 35% to €162 million
Net profit Insurance activities, REAAL and Zwitserleven combined, increased 41% to €277 million
Operating expenses 7% lower supported by cost reduction and integration programmes
STRENGTHENING PROVISIONS AND REDUCING THE LOAN PORTFOLIO AT PROPERTY FINANCE
––Net loss at Property Finance of €593 million driven by impairment charges of €790 million
Total coverage ratio strengthened to 42% (2009: 15%); international to 52%
Strong reduction of international commitments by €1.3 billion to €3.1 billion (−30%)
Repositioning of Property Finance; run-off portfolio of €6.5 billion defined and to be managed separately
––Further substantial reduction in commitments and sharply lower impairments expected for 2011
SOLID CAPITAL AND FUNDING POSITION
––Solid solvency Banking activities: Core Tier 1 ratio at 8.1% and Tier 1 ratio at 10.7%
Strong regulatory solvency Insurance activities of 195% (396% under IFRS)
On track with execution of plan to free up €600 million of capital; target upped to €700 million
––Solid funding position following successful retail and wholesale initiatives in 2010
‘The 2010 results reported by SNS REAAL show two contrasting aspects. On the one hand, SNS Retail Bank had a good year, both financially and commercially, and the Insurance activities at REAAL and Zwitserleven also posted a sound profit. As a result, SNS REAAL excluding Property Finance reported a net profit of €368 million. On the other hand, Property Finance recorded a substantial loss of €593 million as we made significant increases to provisioning levels for non-performing loans in order to facilitate a further run-down of the loan portfolio. As a result we reported an overall net loss of €225 million for the Group.
On the solvency front, we faced volatile interest rates and changes in mortality assumptions. Still, we were able to maintain solid solvency ratios in our Banking and Insurance activities throughout the year.
The measures we have taken in 2010 will help us to achieve a rebound to profitability and to increase our solvency in 2011. We maintain our ambition for a normalised net profit of approximately €400 million in the coming years’ said Ronald Latenstein, Chairman of the Executive Board.
allego il report..
niente di buono
net loss of €225 million for the Group
utile di 368 ml per banca-assicurazione,
perdita secca di 593 ml per la parte real estate
Highlights 2010
NET PROFIT SNS REAAL EXCLUDING PROPERTY FINANCE INCREASED 56% TO €368 MILLION
Net profit SNS Retail Bank up 35% to €162 million
Net profit Insurance activities, REAAL and Zwitserleven combined, increased 41% to €277 million
Operating expenses 7% lower supported by cost reduction and integration programmes
STRENGTHENING PROVISIONS AND REDUCING THE LOAN PORTFOLIO AT PROPERTY FINANCE
––Net loss at Property Finance of €593 million driven by impairment charges of €790 million
Total coverage ratio strengthened to 42% (2009: 15%); international to 52%
Strong reduction of international commitments by €1.3 billion to €3.1 billion (−30%)
Repositioning of Property Finance; run-off portfolio of €6.5 billion defined and to be managed separately
––Further substantial reduction in commitments and sharply lower impairments expected for 2011
SOLID CAPITAL AND FUNDING POSITION
––Solid solvency Banking activities: Core Tier 1 ratio at 8.1% and Tier 1 ratio at 10.7%
Strong regulatory solvency Insurance activities of 195% (396% under IFRS)
On track with execution of plan to free up €600 million of capital; target upped to €700 million
––Solid funding position following successful retail and wholesale initiatives in 2010
‘The 2010 results reported by SNS REAAL show two contrasting aspects. On the one hand, SNS Retail Bank had a good year, both financially and commercially, and the Insurance activities at REAAL and Zwitserleven also posted a sound profit. As a result, SNS REAAL excluding Property Finance reported a net profit of €368 million. On the other hand, Property Finance recorded a substantial loss of €593 million as we made significant increases to provisioning levels for non-performing loans in order to facilitate a further run-down of the loan portfolio. As a result we reported an overall net loss of €225 million for the Group.
On the solvency front, we faced volatile interest rates and changes in mortality assumptions. Still, we were able to maintain solid solvency ratios in our Banking and Insurance activities throughout the year.
The measures we have taken in 2010 will help us to achieve a rebound to profitability and to increase our solvency in 2011. We maintain our ambition for a normalised net profit of approximately €400 million in the coming years’ said Ronald Latenstein, Chairman of the Executive Board.
allego il report..
Ultima modifica:
ferdo
Utente Senior
niente di buono
net loss of €225 million for the Group
...
e le cedole che fine fanno?!
wagenbach
Forumer attivo
bah, secondo questi dovremmo comprare solo roba che quota 100, perchè il resto è ciarpame
cosa vuoi, pensi veramente che UBS consigli di comprare BAWAG e sub portoghesi ?
samantaao
Forumer storico
in realtà cercavo una bper per capire se c'era la gabbola in emissione, così alla fine ieri "sera" ne ho trovata una su mtf bper lt2 31/12/2014 5,2% quota 102,5 quindi ci siamo
IT0004433766
amorgos34
CHIAGNI & FOTTI SRL
e le cedole che fine fanno?!
A me i risultati (disaggregati) sono piaciuti .
Se ripiega forte accumulo.
amorgos34
CHIAGNI & FOTTI SRL
bah, secondo questi dovremmo comprare solo roba che quota 100, perchè il resto è ciarpame
Nei report riservati però qualcosina in più dicono
(niente di originale )
Zorba
Bos 4 Mod
nik.sala
Money Never Sleeps
Eurohypo Capital Funding Tr. 1 (WKN 542376, ISIN XS0169058012) - Profil - Aktien, Aktienkurse - ARIVA.DE
EUROHYP.C.F.TR.II 05/UND. (WKN A0DZJZ, ISIN DE000A0DZJZ7) - Profil - Aktien, Aktienkurse - ARIVA.DE
probabilmente questa torna a pagare cedola
Commerzbank Suffers Setback In QVT Lawsuit On Coupon Payments
FRANKFURT (Dow Jones)--Germany's Commerzbank AG (CBK.XE) suffered a setback Tuesday when a regional court in Frankfurt ruled that New York-based private equity group QVT is entitled to around EUR20,000 in coupon payments for some profit-sharing securities issued by Commerzbank's Eurohypo real estate financier.
While small in value, the verdict could eventually pose a larger problem for Commerzbank as it will likely be monitored closely by other hedge funds and investors considering a similar lawsuit against Germany's No. 2 listed bank.
A spokesman for Commerzbank said the bank will examine the verdict closely, adding that it reserves the right to appeal the verdict at a later stage. A spokesman for QVT in Frankfurt said the hedge fund is happy about the verdict, but will also examine the reasoning given by the court more closely.
The lawsuit concerns three profit-sharing securities issued by Eurohypo, which was taken over completely by Commerzbank in 2008. According to the Frankfurt court, Eurohypo will have to repay the three securities at face value upon redemption, rather than cutting the face value by a single-digit percentage rate as the bank did in February 2010 after suffering a loss for 2009.
Additionally, the court ruled that for two of the three profit-sharing certificates, or Genussscheine, Eurohypo will have to make a coupon payment for 2009.
QVT filed a suit against Eurohypo for not paying out dividends on profit-dependent securities in 2009. Commerzbank had argued no dividend payments were possible because Eurohypo posted a loss for 2009, while the hedge fund had argued that due to a domination agreement Commerzbank would have to cover all losses at the unit
Commerzbank Suffers Setback In QVT Lawsuit On Coupon Payments - WSJ.com
sui siti tedechi denaro a 54 per la irsda 47 dove l'ho venduta é un ulteriore +15%
Che incaxxatura tripla...
Dovrei credere maggiormente nelle mie scelte...
non ditelo a me, comprata e rivenduta più volte, l'ultima volta a 61 prima dello storno su cui poi non sono più rientrato
siamo stati dei polli a volerla tradare, questa era da cassettare mi sa
lo sapevamo da tempo, che qua si poteva paventare il ritorno alla cedola
- Stato