Endorsement banks announce declining insolvencies in the middle class

Endorsement bank Hessen (BB H) (openPR) - Wiesbaden. The endorsement banks announce clearly decreased/gone back credit losses to enterprises, which financed investments by endorsements and warranties of the endorsement banks. In the year 2006 there was country widely 13.5 per cent of fewer insolvencies. This confirms the improved economic situation not only with internationally active large concerns, but also with small and middle enterprises, how the federation of German endorsement banks (VDB) announces.

This confirms also the endorsement bank Hessen (BBH), whose loss volume went in the past year by 28 per cent back. “The direction tunes and the hessian economy recovers appreciably”, says Michael black, managing director of the endorsement bank Hessen, “remains nevertheless the threateningly thin own capital funds cover a large danger straight for small and middle enterprises.”

The business development of the German endorsement banks in 2006 failed pleasing: They made a credit or an equity financing for round 7,000 enterprises possible (plus 1,3 per cent). Altogether more than 1.1 billion euro (Hessen became: 37,1 million) Endorsements and warranties as collateral made available. Thus house banks and holding companies knew more than 1.6 billion euro (Hessen: 53,6 million euro) of credits and/or participation to medium-size enterprises assign. This corresponds to an investment volume of more than 3 billion euro (Hessen: 95 million euro) and a job-creating effect of approximately 100,000 jobs (Hessen: 3.400).
Thus the endorsement banks with their supporting measures would have made a contribution in favor of the KMU again to strengthen the upward trend relating to market conditions and the job market so the federation of German endorsement banks. A pleasing development, which shows in addition, that it is possible for the house banks with the help of the collateral placed by endorsement banks ready only, these credits to assign.

The house banks use the possibility with the assignment of credits of securing these with endorsements. Without these collateral these credits could not be granted. The collateral kept still larger weight fundamental with the basic conditions for the banks, changed by Basel II. The endorsements of the endorsement banks decrease to the financing house banks up to 80 per cent of the credit risk. They are relieved thereby in the risk so that Mittelständler receive credits, which would not have received them without these collateral.

The endorsement banks adjust the disadvantage of small and middle enterprises in relation to large-scale enterprises with the financing.

Further information under www.bb-h.de

Guido Augustin
H&A media GmbH
Tiefentaler way 12
55128 Mainz
Tel. 06131/22765
Fax 06131/227652
augustin@ha-net.de

Over the endorsement bank Hessen GmbH

As active self-help mechanism of the hessian economy the endorsement bank Hessen GmbH (BB H) promotes the economic success of small and middle enterprises since 1954. For entrepreneurs, who submit a convincing concept, the endorsement bank provides Hessen Bürgschaften for credits or participation. Partners are chambers as well as federations from trade, industry and handicraft, credit institutes and an insurance.

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