By Eyk Henning Dow Jones Newswires
FRANKFURT (Dow Jones) – The German Savings Banks and Giro Association (DSGV), situated in the words of its President, Henry Haasis in talks with the state banks on a Reallocation of shares of the capital providers Deka Bank. Occasion of Discussions was the pressure of the Brussels EU Commission to the Land Baden-Wuerttemberg (LBBW), the nearly 15-percent stake in the Deka reduced significantly, "said Haasis on Wednesday in Frankfurt.
If shares are free, there is the desire to share to consider any case in the group, "said Haasis continue. He responded to a preliminary report of the manager magazine ", according to which the savings banks on their central association DSGV their share from the current 50% increase and have a majority of the Service could receive funds. Currently, Deka Bank, each one split equally the DSGV members and the banks. In addition to LBBW According to "manager magazin" also NordLB and WestLB their Shares decrease. In the state banks on their part could 25% plus one share to reduce, the magazine further.
Such a shift in the ownership structure of Deka wanted DSGV President Haasis on Wednesday, meanwhile as little such as commenting on possible dates. From the environment of the Savings could be heard, LBBW had to end 2013 period, their shares sell.
Moreover Haasis renewed his criticism of the issues currently being discussed State aid to boost the securitization market. Also turned The DSGV President again to combat the potential in space relationship banks charge to increase the involvement of institutions in the Costs of financial crisis. Finance Minister Wolfgang Schäuble had recently announced that in April a government decision to Want to take special charge.
Haasis opposed the possible charge that those who Institutions would be punished, whose business model closely follows the Aligned, and the real economy is in crisis, even helping other banks had.
The President of the Association of German Banks (BdB), Andreas Schmitz, appeared this week on the other hand, in principle, Takeover prepared contingency costs. To support the Bank’s Association, the Idea of a National Stabilization Fund and Settlement to establish the special fund from the recent financial market stabilization (SoFFin could emerge).
For the year 2009, the DSGV on Wednesday drew a positive balance. The report concludes that the total of 431 in her savings association organized Pre-tax income by 2.7 billion to EUR 4.6 billion increase. They benefited under including a 10% to EUR 22.7 billion increase in net interest income.
This increased the savings banks in the past year, both the Volume of customer deposits, as well as the outstanding loans. Liabilities rose by 1.3% to nearly 752 billion euros, credit climbed by almost 2% to 643 billion euros.
Moreover, the positive impact made itself dammed loss the valuation result, which now amounted to minus EUR 5.3 billion compared to minus 6.3 Billion in 2008. Like many other banks were also the Savings bank association on this particular valuations in Securities business to the best.
Website: www.manager-magazin.de www.dsgv.de By Eyk Henning, Dow Jones Newswires, +49 (0) 69 29725 108, eyk.henning @ dowjones.com DJG / eyh / jhe Visit our website http://www.dowjones.de
(END) Dow Jones Newswires
March 17, 2010 09:55 ET (13:55 GMT)
Copyright (c) 2010 Dow Jones & Company, Inc
Tags: state banks, baden wuerttemberg, wolfgang schäuble, haasis, dow jones newswires
