Commerzbank creates the capitalization but on its own? According to "Handelsblatt", the bank can fill his billion-dollar financial hole alone. Bank chief Blessing has found creative solutions accordingly.
Dusseldorf - Commerzbank CEO Martin Blessing is the new passage to the state probably saves: Apparently is the financial plan will make with the partly nationalized the bank until the end of June 2012, the billion-dollar capital shortfall. According to information from the "Handelsblatt" is based solely on the concept of Blessings "market solutions". "State aid is not directly or indirectly part of the capital plans," the newspaper learned from government sources.
Even in financial circles it was said, "that the capital plan does not provide state aid, Commerzbank". Blessing wanted to introduce early next week its plans Finance Minister Wolfgang Schäuble (CDU), said both in Frankfurt and in Berlin.Commerzbank in urgent need of fresh cash. As noted, the European bank supervision in the EBA conducted its stress test, missing the second largest German financial institution 5.3 billion euros. The bank must raise to mid 2012, when she wants to meet the stricter capital rules.
Capital not included linkshare facebook.com
Blessings capital plan is according to "Handelsblatt" of several components: the reduction of risks to bring € 2.7 billion, the repurchase of subordinated loans € 700 million, a further 750 million euros from the conversion of silent partner in the alliance expects tough capital. Well over one billion euros is to be applied mainly through retained earnings, it said in the negotiating parties.
"The capital plan contains no capital," it said further in the circles. This option will keep the Institute for the case in the hindquarters, the Financial Supervisory Authority, the plans are not considered sufficient. Also from the original idea of a spin-off of real estate and public finance subsidiary Hypo € in a government bad bank, Commerzbank has again refrained.
The plans must now be approved by the BaFin. Skeptics consider it quite possible that the Authority will again provide additional claims. BaFin would examine rigorously whether the plan actually said, and implement sustainable, especially, was an insider. It must be ensured that Commerzbank is adequately capitalized and the long term, it said in financial circles.
Dusseldorf - Commerzbank CEO Martin Blessing is the new passage to the state probably saves: Apparently is the financial plan will make with the partly nationalized the bank until the end of June 2012, the billion-dollar capital shortfall. According to information from the "Handelsblatt" is based solely on the concept of Blessings "market solutions". "State aid is not directly or indirectly part of the capital plans," the newspaper learned from government sources.
Even in financial circles it was said, "that the capital plan does not provide state aid, Commerzbank". Blessing wanted to introduce early next week its plans Finance Minister Wolfgang Schäuble (CDU), said both in Frankfurt and in Berlin.Commerzbank in urgent need of fresh cash. As noted, the European bank supervision in the EBA conducted its stress test, missing the second largest German financial institution 5.3 billion euros. The bank must raise to mid 2012, when she wants to meet the stricter capital rules.
Capital not included linkshare facebook.com
Blessings capital plan is according to "Handelsblatt" of several components: the reduction of risks to bring € 2.7 billion, the repurchase of subordinated loans € 700 million, a further 750 million euros from the conversion of silent partner in the alliance expects tough capital. Well over one billion euros is to be applied mainly through retained earnings, it said in the negotiating parties.
"The capital plan contains no capital," it said further in the circles. This option will keep the Institute for the case in the hindquarters, the Financial Supervisory Authority, the plans are not considered sufficient. Also from the original idea of a spin-off of real estate and public finance subsidiary Hypo € in a government bad bank, Commerzbank has again refrained.
The plans must now be approved by the BaFin. Skeptics consider it quite possible that the Authority will again provide additional claims. BaFin would examine rigorously whether the plan actually said, and implement sustainable, especially, was an insider. It must be ensured that Commerzbank is adequately capitalized and the long term, it said in financial circles.
No comments:
Post a Comment