Homepage / Currency / German banks pose a threat that politicians want to hide, economist says
Kiçik təyyarə oyunu 1xBet 1xbet Aviator gam The way to select a Data Bedroom Service Bewertungen zu Vulkanvegas Lesen Sie Kundenbewertungen zu vulkanvegas com 3 von 5 小柳商事株式会 Mostbet Türkiye mobil uygulamasını indi Participate in A European Romance Website & Meet The Match What to anticipate in VDR Providers paribahis 717 Best Country To get yourself a Wife: Asia, Europe & Latin America Technology and Asylum Procedures Business Process and Digitalization How to begin Your Blog With no Investment Software For Modern Business Setting Up the Electronic Data Areas Greatest On-line Relationship Websites & Apps: Comparison Legal Support and Advice Intended for Small Businesses The very best Virtual VDR Providers 9 Tips for Working With Teams in Different Timezones Australian Brides Deliver Order Birdes-to-be From Quotes Korean Brides -mail Order Brides From Southern Korea Choosing a Data Place Antivirus Solutions — What to Look For within a Good Anti-virus Solution Best Alternatives of VPN Software New Step by Step Roadmap for Marijuana News Mail-order Bride Wikipedia Relationship With A Russian Mail Order Bride: Can It Develop Suitable Family? Steve Munger: These Primary Guidelines Made Me Effective In Life With Warren Buffett, Thought about All Three Guide To Choosing The Right Mailbox Order Star of the event Web Site In 2023 Few Wins $3 Million In Pennsylvania Lotto Scratcher, Strategies Trip Privately owned Internet Access Avast Review Powerful Deal Achievement Top Rated Free VPN Services Adaware Review – Is Adaware Review Right For You? Large 15 Best Countries To find a Spouse In 2023 Online dating services Reviews Ideal Legit Snail mail Order Bride-to-be Sites To Decide On In 2023 & Feedback Thailänder Brides Pleasant Thai Mailbox Order Wedding brides To Marry Thailänder Brides Get A Thailand Deliver Order Bride The principal Expenses Ukrainian Mail Order Spouse Cost Includes The Nations Just where Girls Have One Of The Best Lives, In Chart Partner Of Ukraines Spy Fundamental Was Poisoned, Officers Say The Model Ny Occasions New Restaurants And Pop-ups To Try In L A This 12 Los Angeles Situations Ways to Discover United states Marriage Details Romancescout: Your Information To On-line Relationship Evaluations, Recommendations Tes Ship Order Bride-to-be Discover A Overseas Spouse Across the internet Free With Jetbride Com Powerful Interracial Marriages Exquisite Interracial Lovers Exactly what the Best Online dating Websites? Very best Dating Web page Reviews – Find Your web Soul Mate Ways to Create Online dating sites Profiles Long Relationship Suggestions Long Relationship Suggestions How to begin a Successful Wife Search Getting married to a Russian Child The right way to Meet Delightful Ladies Around the World To recognize Know About Ukrainian Single Girls Dating The Different Types of Sugar Daddies The key benefits of Dating a Latina Top 5 International Dating Sites Russian Women Seeking Men Overseas Cookware Interracial Lovers and the Backlash Against All of them Getting the Marriage License and Wedding ceremony Done Correct How to pick the Best Web based Marriage Company Flirting Tips For Timid People Delightful Interracial Lovers Crucial Russian Females Dating Suggestions for Men Steps to create the Most of Dating An individual From Another Country Web based Top five Romantic Honeymoon Destinations Just what Soulmate? Web based Relationships Suggestions The Challenges of Dating An individual From A further Country Setting Expectations just for Online Sugar Daddy Arrangements Marital relationship License and Ceremony Why Are Latinas Heated? Getting Foreign Bride-to-be Tips on how to Propose — What’s the Best Way to Say “I Do”? Is usually Your Long Distance Marriage Moving Too quickly? Dating Etiquette — The Modern Rules of Seeing A Quick Guide to the Use of NLP in Chatbots Building Trust in Human relationships Les mariages interracials les plus réussis sont ceux basés sur l’amour & le respect Browsing through Cultural Differences in Asian Human relationships How you can Have a cheerful Marriage The right way to Fix a Relationship With out Hurting Your companion How to Spice Up a lengthy Distance Relationship The main advantages of Online Dating What is the Best Female Race to Marry? Western european Women Stereotypes Why Asian Girls Like Bright white Guys How to Succeed in On the web Relationships Top 5 Online Connections Tips Top 5 Online Connections Tips Leading Countries With Best Foreign Brides Powerful Interracial Relationships Asian Wedding Icon Meanings Where to Find a Deliver Order Star of the wedding Wedding ceremony Traditions in Ukraine For what reason Asian Girls Like Light Guys Asian Brides Via the internet Tips on how to Propose – What’s the simplest way to Say “I Do”?

Currency, United States Finance

German banks pose a threat that politicians want to hide, economist says

With the Italian banking system in the spotlight, analysts have highlighted that Germany’s lenders are still not out of the woods, saying shipping loans and too many bank branches are some of the very real problems they are currently facing.

German officials repeatedly tell EU members from the south of Europe to restructure their banking systems but industry experts believe they have a problem of their own as federal elections approach.

“Germany is overbanked, too many banks, very little consolidation has taken place,” Carsten Brzeski, chief economist at ING Germany, told CNBC via email on Wednesday.

There are approximately 2,400 separate banks with more than 45,000 branches throughout the country and over 700,000 employees, according to Commercial Banks Guide, an industry website.This increases the cost income ratio for banks, Brzeski explained. Meanwhile, the International Monetary Fund (IMF) warned last May that cost-to-income and leverage remain high in Germany.

Low profitability reflects structural inefficiencies, persistent crisis legacy issues, provisions for compliance violations, and the need to adjust to the new regulatory environment,” the IMF said in the report last May.

Another problem seems to be the reliance on the shipping industry for many banks.

“I would point towards some specific issues with asset quality: Shipping is one of the priorities of the single supervisor, the ECB (European Central Bank), for next year,” Gildas Surry, senior analyst at Axiom Alternative Investments, told CNBC on Wednesday when citing the biggest problem for the German banking sector.

Loaning to the shipping industry before the financial crisis was a stable investment, however, the industry has become shaky and the long-term loans became a problem for many institutions dependent on this sector.

HSH Nordbank, for instance, once the biggest shipping lender in the world, had to be rescued by two German states in 2009. The bank has agreed to sell its loan portfolio worth 1.64 billion euros ($1.86 billion) to clean up its balance sheet and it has to be sold before the end of February 2018.

“Many banks, as the entire economy, have missed the train of digitalization and need to invest big time now,” Brzeski added.

“With the need for investments and the pressure from low interest rates, the pressure on many banks has increased. Do you hear politicians talking about it? No, not a topic which will win elections,” Brzeski said.

German officials have nonetheless focused on the European Central Bank and its loose monetary policy as being the major drag on the German banking system.

Wolfgang Schaeuble, the German Finance minister, has said on a few occasions that the ECB needs to tighten its policy, which is also leading to an increase in Germany’s export surplus.

“Lower and flatter yield curves are compounding these issues by gradually eroding margins, especially in smaller retail banks,” the IMF recognized last May.

Follow CNBC International on Twitter and Facebook.

Source: cnbc
German banks pose a threat that politicians want to hide, economist says

Comments are closed.