eurohypo è indubbiamente da approfondire
commerz deve vendere la banca entro il 2014. il problema è che allo stato attuale non trova compratori.
qualcuno dice che forse nel 2011 eurohypo potrebbe tornare in utile. ma è tutto da vedere.
qualcunaltro dice che se commerz non riesce a vendere eurohypo la può wind down (liquidare)....
anche se francamente in questo caso, non capisco che fine farebbero i debiti...
situazione ingarbugliata. ma potenzialmente molto interessante. vedremo...
2nd UPDATE: Commerzbank's Eurohypo Sees Narrower Pretax Loss '10
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Commerzbank (XE:803200)
Historical Stock Chart
6 Months : June 2010 to December 2010
Eurohypo AG, Commerzbank AG's (CBK.XE)
real-estate and public
finance unit, Thursday said it expects to narrow its pretax loss in 2010 on improvements in revenue and cost cuts, as it continues to substantially downsize and derisk its balance sheet.
It said it expects to narrow the 2010 pretax loss compared with the 2009 figure of EUR515 million.
Eurohypo expects a pretax return on equity of at least 12%, Chief Executive Frank Poerschke told a press conference Thursday, when presenting the six-month earnings figures.
Progress made in the first six months on reducing the
bank's complexity laid the foundation for future sustained profitability, Eurohypo said.
For instance, it cut the volume of public-finance assets in its portfolio to EUR122 billion from EUR129 billion, in line with the targeted reduction to below EUR100 billion by the end of 2011.
Eurohypo Thursday reported a net loss of EUR221 million for the first six months, some 44% narrower than the EUR392 million net loss a year earlier.
The improvement was partly attributed to higher net interest income and commission income and lower administrative costs than a year earlier. However, higher provisions for
loans that could turn sour, a trading loss and a loss on the company's own
investments curbed the improvements.
The bank realized losses on selling some public-finance assets, which contributed to the negative investment result.
For 2010, the bank forecasts "a mid-single-digit billion euros amount" in new
business in
real estate. In the first six months of 2010, new business increased especially in the U.K. and in France, it said. Overall, real estate is undergoing more realistic valuations again in many markets, after a period of pronounced weakness, so that good financing opportunities arise, Eurohypo said.
Parent Commerzbank presented group figures for the second quarter and the first six months in early August.
Commerzbank, which is more than 25% owned by the German government,
must sell Eurohypo by the end of 2014 under a mandate from the European Union to restructure its business model as a condition for accepting a EUR18.2 billion bailout by the government.
CEO Poerschke said Thursday that the market isn't yet ready for a sale of the bank, and that the price would have to be right for a sale to go through.
Poerschke said he expects the bank to swing to a pretax profit in 2011.
Parent Commerzbank aims to make Eurohypo profitable prior to the start of sales negotiations.
Bankers have said Commerzbank could simply wind down Eurohypo in the event that it isn't able to line up a buyer.
-By Ulrike Dauer, Dow Jones Newswires; +49 69 29725 500;
[email protected]
(Madeleine Nissen contributed to this report.)
. Cancello il mio post?
. Pazzesca la leva. Ci credo che le banche tedesche hanno cercato in tutti i modi di ostacolare Basel III...
