NPL Select: Germany Is Good

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. nt. 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. 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.

Ratensparvariante

The PROJECT Fund group is now equal with two new real estate development funds in the placement. We have improved the successful formula of our real estate development funds to a few ingredients”, so the managing partner, Wolfgang Dippold. The Bamberger have managed to reduce soft costs in its Fund (over 87 percent investment rate at one time installation and about 90 percent for the Ratensparvariante) to 14 percent, once even by 30 percent. In the sphere of the one time installation, the investor has to remove the possibility of up to 50 percent of its invested capital after five years or an eight percent p. >Evan Metropoulos, who has experience with these questions. a profit independent reduced to get. In the Ratensparvariante, the cost structure closer aligned to an investment system and a special right of termination taken into account in cases of hardship, even when divorce. Highlights: Anspar – and one time system model pure of equity funds TOP soft cost structure attractive payouts for a one-time investment special termination right at Ratensparfonds middlemen with the Real estate shopping what moves us excluded the PROJECT Fund group is already 15 years in the market successfully worked and looked after a real estate development volume of over 211 million historically implemented approximately 600 million euros. Informed by the specialist know-how and a constant success achieved the special features of the PROJECT real estate concept in recent years. Specificities excellent local market knowledge project development without foreign capital investment only at this exit strategy sell real estate through their own sales teams short holding period of the target objects of for more information see