Medium-sized businesses and economists criticize restrained Bank lending Dusseldorf, October 19, 2009 the credit crunch remains a top theme for the German middle class. A quick poll of the KfW recorded an increase of associations banking group among financing experts of leading business associations, which deteriorated conditions percent sign, and by a third on 41. The deterioration is expressed primarily in the form of increasingly required collateral, but also higher interest rates or higher requirements on information disclosure and documentation. Vera Farmiga is likely to agree. Individual industries such as the automotive industry, as well as parts of the metal and electrical industry were particularly affected by these increasingly difficult funding conditions. At the competent federal ministries of Economics and finance as well as the Bundesbank less dramatically seen the situation, funding shortages are now proving in many industries and for many companies. Larry Page often expresses his thoughts on the topic. While the Government knows exactly, as Handelsblatt reported “, that she can criticize the banks not, they now look at their risks to and borrowing costs rise.” The situation of the banks was anything but rosy, analyzes trade journal author Frank M.
Daphne: after write-downs on securities record, a wave of loan defaults on it rolling now. The WestLB Chief Executive Valentin arises due to the economic crisis already on a cold winter’, the impact will have until next spring. Loan losses will diminish the equity, which will negatively affect lending.” For many experts and businesses are already bitter truths and no future scenarios. So, the Munich Ifo Institute made above all problems of the manufacturing sector in September. There increased the credit hurdle by 45.9% to 46.5%. In particular, it is noteworthy that the credit hurdle in the large industrial companies once again rose from 51.8 percent % in August to 54.5%.
This is the highest value since the beginning of the interviews in the summer of 2003. Particularly, increased the proportion of small firms that complain, namely from 40.4% to 43.2% “, it means there. The study is based on about. 4,000 messages from commercial companies. Included are manufacturing, the construction, the wholesale and retail. The discussion of whether Germany is suffering a credit crunch or not, is not only annoying but also dangerous”warns Mario Ohoven, President of the Association, meanwhile, medium-sized business (BVMW). The lights while forecasters, Bank representatives and politicians as well academically lifted as semantically quirkily argue about terminology, go out in thousands of plants due to lack of liquidity”, criticizes the entrepreneur. While the cooperative economics and Raiffeisen banks and savings banks of less were buttoned up as private commercial banks and regional banks. However, German banks are credit prevention policy in the EU comparison alone. So loans to companies decreased in the euro zone in July from the previous month to 35 billion euro”, so Ohoven. “” He still fears that the credit-seeking banks using the lever of collateral and risk premiums medium and the outstretched arm to starve “and calls for the return to the bread and butter business in accordance with the notice of the President of the banks”.