Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 3

BERLIN--German regional bank Norddeutsche Landesbank Girozentrale has agreed to take full control of Bremer Landesbank, a new step in the consolidation Germany's banking sector.

NordLB said late Wednesday it would pay the state of Bremen 180 million euros ($200 million) for its 42% stake and transfer assets worth EUR82 million to Bremen as part of the transaction. Sparkassenverband Niedersachsen, an association of savings banks in Lower Saxony, will also sell its 4% stake in the public lender to NordLB.

The acquisition comes shortly after Deutsche Bank AG's chief executive called for more mergers among European banks, citing intense competition, economic headwinds and declining profits. Germany itself has hundreds of independent private and public banks.
Bremer Landesbank, with assets of roughly EUR29.87 billion, is a relatively small regional bank based in Bremen, a shipping hub. The bank, whose fortunes are linked to the shipping sector hit hard by low freight rates, said earlier this year it would need a capital increase. The bank reported an aftertax loss of EUR384 million in the first half of the year on high risk provisions.

Write to Friedrich Geiger at [email protected]
 
Vento

Il S2 di Groupama e' un'illusione ottica...

Groupama has the greatest reliance on transitional measures in its Solvency II position. Its ratio of 263% includes 130 pp of transitional measures.


Groupama demonstrates the greatest sensitivity to interest rates.


This situation stems from

(i) the sensitivity of the AFS reserve to interest rates,

(ii) an assetliability duration mismatch that is possibly higher than its peers' and


(iii) the potential sensitivity of its VIF, which it has never disclosed.













Il mercato sembra non aver apprezzato
 

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