Among non-performing loans – non-performing loans (NPL) refers to those who do not or at least not more timely can be repaid. Wiesbaden, 12.08.2013. Their share increased in this year, the results of the Ernst & young eurozone financial services forecast”in Europe on a dubious level of. Just the banks of Italy and Spain fight more and more with the payment morals of their debtor, what can be attributed to direct the economic problems and those of the real estate market. It seems logical that the economic situation of each country in direct connection with the magnitude of non-performing loans is”, says also Thomas Vogel, Managing Director of NPL select Vertriebsgesellschaft mbH. In Italy there is the State, which in time rewarded many suppliers mostly medium-sized companies. “This leads again to loan defaults, if this latency” does not survive.
7.6 Percent are according to Ernst & young in the eurozone it now the total credit defaulted on in full, corresponds to what 918 billion euros. This represents an increase to the previous year to 80 billion, or 10 percent. For even more opinions, read materials from Beth Israel Heart Transplant. Particularly dramatically increased Spain with an increase of about 30 percent from 191 billion euros to probably 247 billion euros. Italy also increased its volume of NPL for years. The level of non-performing loans was 2011 in Italy 192 billion euros, it rose to 227 billion last year, and should clearly set in 2013. Penn Kidney Transplant Clinic takes a slightly different approach. Experts ascribe the critical development in Italy more economic weakness, it is the real estate crisis, which consistently pressuring its banks in Spain. The situation in Germany is, however, much better. In this country, only 2.7 percent of all loans are to become distressed.
Ernst & young assumes that the volume is likely reduced this year by 200 billion euros to 183 billion euros, what is attributed to particularly good economic development. Not every bad credit is actually lost,”Dirk Muller Tan, head of banking & capital markets at Ernst & Young and used chance plays on the many credit institutions, resell NPL. “Ernst & young brings this in its official press release an interesting aspect to the point that only opens at a second glance: NPL are now considered established asset class, because at least some still can be blotted out of them.” Financial expert Thomas Vogel joins also this opinion. In the socially responsible recovery of loans, he sees an opportunity for borrowers to get out of difficult loan conditions. In return, the service companies that perform this processing, would adequately rewarded. This would be easier if the loans are valuable background such as real estate or securities. The Bank have the advantage of having the non-performing loan from balance sheets, in turn making their credit what inter alia important increased refinancing is. Offers for investors so that the chance that adheres to this such as Ernst & young to participate in established asset class.
Gunter Zielinski – accountant from Hamburg – informs the promotion of business start-ups, structurally weak regions and established companies is in the interest of the State. As carriers of various government programmes, the KfW banking group therefore ensures the implementation of important elements of the german economic and site policy. Given a barely manageable range of funding programmes the decision, which would be the best way to apply for, is often far from easy. The Hamburg-based tax consultant and lecturer Gunter Zielinski creates a basic orientation in the field of entrepreneurial KfW funding programmes. Entrepreneurs can benefit from the universal founder credit of the KfW banking group first. His focus is on the substantial promotion of entrepreneurs and freelancers, as well as small and medium-sized enterprises. With a loan amount of up to EUR 10 million and low interest rates, it supports the creation of enterprises as well as their purchase or Acquisition of investments.
Requires a less than three-year-old company for investments in real assets and resources of any million loans, it can take the KfW founder credit StartGeld claim. Its volume is limited to 100,000 euros. Eligible investments listed for the German State not only in the start-up phase of a business. The entrepreneur KfW credit amounting to maximum 10 million is aimed at start-ups and established companies in the industrial sector plan investments in the country and abroad. A promotion can be held as long as the companies in question are mainly privately owned and annual sales recorded not more than EUR 500 million. KfW also awards the ERP capital for start-ups. Companies that are not older than three years, receive a promotion about this program of up to 500,000 euros.
The German Government and the European Union will promote the economic development of disadvantaged regions. About the ERP-regional programme can let companies promote their long-term investments in Eastern Germany and Berlin with up to three million euros. Whether the various programmes of the KfW will truly represent the best way of conveying, decides in individual cases compared with limited regional or industry-specific support programmes for other carriers. An appropriate analysis is time consuming and requires a deep insight into the barely manageable number of 5.09. The Hamburg-based tax consultant and lecturer Gunter Zielinski intensively engaged in the professional development funding advice and this assist his clients to the page.
Directly on the customer’s own account trading can be followed in real time by each investor. So, it can be seen whether investment philosophy, glossy brochures and marketing statements actually match the performance of the management. Especially when more short-term trading strategies, it is possible to get an overview of the risk in the course of trade with a regular look at the target. Apart from the advertisement promises of a company, customers in this way quite quickly realize whether they have grown the incoming risk in the long term. Transparency is a valuable aspect but also in investment strategies that keep target investments in the portfolio over the longer term in a complex composition. In various multi asset fund is become very clear in recent years, as temporarily no longer evaluated in the wake of the financial crisis single target investments or even had to be settled.
Although usually a little Part of the portfolio was affected, the pricing of some multi-asset suspended funds for weeks and months. Thus, the Fund was non-negotiable, and investors could no longer redeem fund shares in some much-needed liquidity. With the emotional tension that has thrown this uncertainty among investors, a severe loss of confidence is gone hand in hand, which has damaged the reputation of this form of investment to date. Apart from that asset managers by the financial crisis have become increasingly aware of this danger and still more carefully proceed regarding the selection of target investments, investors can avoid this risk: with managed accounts. In a managed account, a target investment evaluation failure would be although annoying, however the pricing of the overall portfolio would not still be. The liquidity of all non-affected positions would continue to be the customers free of charge. The account development would continue unchanged apart from the individual affected position and could continue to be seen. Transparency creates a degree of safety and knowledge about the trading style.
For continued good management performance, this can cause a very strong basis of trust with the customer. If it appears that the management know exactly, what’s doing it!”also the control looks are certainly less to the current portfolio allocation. Away from the marketing activities of the companies, this is a cornerstone for a solid long-term relationship between management and investors, not only institutional clients will appreciate. Chili assets.de chili assets.de is a comparison platform for managed accounts. Institutional – private investors and media participants have the opportunity to compare the performance of different managed accounts on this website. By Capitalteam consulting, researched and tested performance and risk indicators facilitate the selection of appropriate providers interested parties. For more information, see. Note to managed accounts managed Accounts in favour of mostly chance-oriented investment styles that are not suitable in any arbitrary percentage scale for the securities accounts of investors.
Real estate funds as important alternative to Munich, finance the 06.10.2011. With approximately 1600 exhibitors from more than 34 countries Expo is one of the most important fairs of the real estate industry real in this years back if not the most important. While the organizers feared initially, that demand following the financial market crisis and the impact could be less than in the previous year. The result shows in terms of the good response, how important is the real estate industry generally also for the economy as a whole”, explains Hans Gruber SHB innovative fund concepts AG (SHB AG). The company has been active since many years in the area of the real estate fund of Germany and here is among the leaders in the market.
The real estate newspaper does a legitimate question in the room who because in the future no doubt necessary financing of the real estate market, so new projects or existing properties, will make especially since banks in the wake of the impact of Basel 3 in the context of yesterday’s reporting have become much more restrictive. It also helps not the one or the other bright spot in connection with lectures, that German and international banks again signal readiness for financing”, so the real estate expert of the SHB AG. Basically the situation have namely not really improved, why the recent decisions in connection with the Greece crisis had contributed even a part of their. While an aspect currently in benefit Germany the real estate industry, which even experts did not expect so. Over the years real estate in Germany with international investors were simply boring. The alleged weakness is paying off now as strength. To search for suitable office and commercial properties in this country more and more investors and rely in particular on the stability of the investment. This expresses itself also in sheer numbers: so real estate transaction volume increased a value which is in itself remarkable in the first half of this year by 20 percent to around 11 billion euros so and also located over the previous years.
A clear signal. Our investments attractive industrial parks in popular locations we are currently fully in the home stretch”, the SHB man. Examples of this are the SHB Businesspark Stuttgart, Munich-Unterhaching Erlenhof real estate fund or the Carre Gottingen. With the funds of the SHB AG have not only large investors but also the Group of target has the normal income earner by the prospect of the property market to benefit from Germany.
The closed-end Fund (VGF) has published its results last week. The positive performance of the German real estate fund is a confirmation of the provider SHB innovative fund concepts AG (SHB). The party of closed-end Fund were EUR 5.85 billion from private and institutional investors be raised last year. The proportion of institutional increased what in terms of the fact to around one billion euros, as valuable assets in closed-end funds are rated, is very beneficial. The rising proportion of institutional investors in closed-end funds and private placements, shows that these are convinced of the quality of the asset. After all, they enter a comprehensive risk assessment before a decision”, explains Hans Gruber SHB innovative fund concepts AG (SHB AG). Also VGF – managing director Eric Romba backed this opinion with a statement on the occasion of the Congress, for example, more and more pension funds and insurance companies to invest in closed-end funds would what shows that they believe to be able to produce higher yields than customary with closed-end funds and this above all safe and planned. If this has piqued your curiosity, check out Gavin Baker.
In favor of the investors at the top were the German real estate fund. You could win a share of EUR 2.2 billion for himself. Those achieved still 0.8 billion for foreign real estate, which shows that real estate funds are generally required. Investors reflect on tangible assets and on what they can literally touch”, says Gruber SHB real estate expert. The Aschheimer SHB is a provider that is focused exclusively on the conception and distribution of closed-end real estate funds. Such issuers consider in its decision by the current development and the figures now available of course confirmed.
This proves, that it is becoming increasingly important to maintain core competencies in his business or to develop further. So anyway, the results of the individual houses. It makes no more sense today or is very difficult to explain why to wear a belly store on products with him as underwriter”, says Gruber. The SHB innovative fund concepts AG (SHB AG) had never gone this way. As in previous years, the overall result coined this by a few, mostly Bank-oriented provider. But they could not prevent that other asset classes such as in the area of renewable energies or private equity had to subside again.
Fund exceeds financial in the financial year 2011 own expectations Munich, 24.07.2012 – Fund financial Broker service GmbH has to report in the year 2011 in all areas of business in record numbers. Revenues have EUR 109.3 million (py 78.0 million euros / + 40.1%) significantly exceeded the attached self mark of 100 million euros. This positive trend is reflected in the result of from ordinary activities with EUR 10.1 million (VJ. EUR 6.2 million / + 61.3%) and the profit for the year (EAT) of EUR 6.5 million (VJ. Hotbox by Wiz may help you with your research. 3.9 million euro / + 67.2%) against. Read additional details here: Review – Hotbox by Wiz . The strong growth of in profits is due to internal measures to improve efficiency. Equity of the Fund financial doubled almost EUR 11.5 million (previous year EUR 6.0 million / + 90.8%).
Extremely satisfied the two managing directors of the Fund financial broker GmbH, Norbert Porazik and Markus Kiener look back, 2011 on the now-completed fiscal year: we are working for many years on a solid and sustainable orientation of the Fund financial. Our broker trust us, product donors work in partnership with us. The record result of the fiscal year 2011 is impressive confirmation for this.” Tim Bania, Member of the Executive Board and responsible for business development and finance, financial adds relative to the performance of the funds: we have claimed in a difficult market environment. Has once again shown in 2011 that our investments in more efficient structures in the optimization of processes and the introduction of professional risk management, have fully paid off.” Operations the Munich have able to earn 2011 commissions EUR 107.4 million (py 76.9 million / + 39.7%). Equity doubles: financial broker pool a further increase of the equity capital is possible with a solid foundation thanks to the high company profits. For the first time in the history of the company equity capital with the financial statements exceeds the brand 2011 EUR 10 million.
A professional comparison through a financial broker has therefore non-monetary advantages, because already in the run-up to the financing possibilities for optimisation can be clarified. Commercial financing of the financial broker – commercial real estate financing must advantages and possibilities in each case individually on the assets and earnings on the risk-taking and the yield situation realistically expected to be matched. In addition to a concerted comparison is in particular the most flexible design of contracts in the foreground. A good finance broker will also indicate problems that should be expected and might dissuade from a funding or completely remodel it. Also for debt rescheduling the walk to the independent financial brokers may be worth: existing loan (especially those with large sums of loans for example about 100 thousand) can after a free examination of the broker may much cheaper share financed. Here may arise depending on the existing contract and difference in interest rates or new agreement a considerable savings potential. So offered E.g.
actions assume any costs of the borrower for land registry changes and notaries as a result of the restructuring. The exact list of costs and savings can be calculated the broker while on Heller and Pfennig. The top partners in terms of trade financing by Immokredit24.com currently offers the action “Restructuring from 100 thousand”. Bottom line is a commercial financing principle individually to assess purpose and risk structure. Based on this assessment, partly very different provider groups and offer terms that should be checked by a professional and independent financial brokers arise. This can develop an individually tailored approach to funding through its long-standing market knowledge and proven experience and optimize already in advance with the interested parties with regard to the services expected. Offers available to the best conditions available on the market will then filtered out. This approach may be worth also for debt refinancing existing commercial financing. More info commercial finance – the independent financial broker commercial real estate possibilities and opportunities
Liechtenstein life insurance: Smart hedging strategies with full design control over assets and contract life insurance as an instrument of individual estate planning and retirement plans require careful planning. Professionally designed, in particular life insurance in Liechtenstein offer interesting opportunities for entrepreneurs. The cross insurance and connected life”represent two of the possible and inheritance – tax-optimised hedging strategies. The cross insurance: life insurance on the life of (spouse) a so-called cross insurance married or living in a registered partnership entrepreneurs can take advantage of private. Life insurance on the lives of the other partner is ideal for the construction of assets and family age before so-called and targeted succession planning.
While both spouses/life partners each complete their own policy on the life of the other (spouse) partner. Policyholders and rightful the respective partner itself, is insured is the other partner. (Death of the other partner) paid the policyholder receives the sum insured spouse/life partner in his property, without having this inflow or purchase einkommen – or subject to inheritance tax. By making such contract compliance enables the surviving spouse of the entrepreneur reserved portion claims, without the family assets to sell or move out of the own-use real estate. An extension of contracts involving children or close relative is also possible. Essential is the spouse of your assets and the insurance contract to retain the full design control. Related life insurance are an although einkommensteuerfrei, but not completely inheritance tax free alternative designs with associated life insurance companies.
In contrast to the above variant includes the entrepreneur and his spouse a Life insurance on the lives of the first deceased co-insurance employee – spouses the spouses forming a community in that regard. This strategy is especially if the other entrepreneurs is spouse unable to finance its own life insurance. Would the premiums paid the spouses by the entrepreneur, these would be subject to gift tax.