NPL

EQS-News: IKB Deutsche Industriebank AG figures for the 2023 financial year: Solid figures achieved in a difficult environment

Retrieved on: 
Wednesday, April 10, 2024
ESF, Tax, IKB, Pressure, Risk management, Growth, Environment, Risk, Pension, IKB Deutsche Industriebank, Bank, Sale, Acquisition, Common equity, Depreciation, Administration, NPL, EDB, KfW, Corporation

IKB Deutsche Industriebank AG figures for the 2023 financial year: Solid figures achieved in a difficult environment

Key Points: 
  • IKB Deutsche Industriebank AG figures for the 2023 financial year: Solid figures achieved in a difficult environment
    The issuer is solely responsible for the content of this announcement.
  • IKB Deutsche Industriebank AG figures for the 2023 financial year: Solid figures achieved in a difficult environment
    Ample liquidity with free available liquidity reserve of €1.4 billion (previous year: €1.2 billion)
    Dr Michael Wiedmann, Chairman of the Board of Managing Directors of IKB: “We have met our annual targets and are on track to achieving our medium-term goals.
  • 2023 was largely characterised by the increase in market interest rates against a difficult economic backdrop.
  • Table: IKB income statement for the 2023 financial year (Group, in accordance with German commercial law)

Freddie Mac Sells $104 Million in Non-Performing Loans

Retrieved on: 
Tuesday, April 9, 2024
Minority, EXPO, SPO, Sale, Freddy, FMCC, OTCQB, Freddie Mac, NPL

MCLEAN, Va., April 09, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced it sold via auction 679 deeply delinquent non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio.

Key Points: 
  • MCLEAN, Va., April 09, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced it sold via auction 679 deeply delinquent non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio.
  • The loans, with a balance of approximately $104 million, are currently serviced by Specialized Loan Servicing LLC and NewRez LLC, d/b/a Shellpoint Mortgage Servicing.
  • The sale is part of Freddie Mac’s Standard Pool Offerings (SPO®).
  • For the SPO® offering, the loans were offered as one pool of mortgage loans.

Collaborative Robot Market worth $11.8 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, April 1, 2024
Component, LTD, Articulated vehicle, Aerial, ABB, Computer vision, System, Geography, Automation, Cobot, Environment, KUKA, ROBOT, Electronics, Accident, Tradition, Safety, Region, SCARA, SME, Machine learning, Prevalence, Personal, Rethink Robotics, Universal Robots, Food, Service, ILiad, Security, Logistics, NPL, Pressure, Polychlorinated biphenyl, Growth, Software, FANUC, Human, Denso, Inspection, Hardware

By payload, more than 25 kg payload are projected to grow at a high CAGR of Collaborative Robot  market during the forecast period.

Key Points: 
  • By payload, more than 25 kg payload are projected to grow at a high CAGR of Collaborative Robot  market during the forecast period.
  • In November 2023, Universal Robots A/S, a Danish cobot manufacturer, expanded its product line by launching the UR30, a collaborative robot with a 30 kg payload.
  • Electronics in industry segment in Collaborative Robot market will account for the highest CAGR during the forecast period.
  • The Asia Pacific region is one of the prominent market in the global collaborative robot (cobot) industry .

Collaborative Robot Market worth $11.8 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, April 1, 2024
Component, LTD, Articulated vehicle, Aerial, ABB, Computer vision, System, Geography, Automation, Cobot, Environment, KUKA, ROBOT, Electronics, Accident, Tradition, Safety, Region, SCARA, SME, Machine learning, Prevalence, Personal, Rethink Robotics, Universal Robots, Food, Service, ILiad, Security, Logistics, NPL, Pressure, Polychlorinated biphenyl, Growth, Software, FANUC, Human, Denso, Inspection, Hardware

By payload, more than 25 kg payload are projected to grow at a high CAGR of Collaborative Robot  market during the forecast period.

Key Points: 
  • By payload, more than 25 kg payload are projected to grow at a high CAGR of Collaborative Robot  market during the forecast period.
  • In November 2023, Universal Robots A/S, a Danish cobot manufacturer, expanded its product line by launching the UR30, a collaborative robot with a 30 kg payload.
  • Electronics in industry segment in Collaborative Robot market will account for the highest CAGR during the forecast period.
  • The Asia Pacific region is one of the prominent market in the global collaborative robot (cobot) industry .

Lufax Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, March 21, 2024
CGI, Growth, Risk, Complex, ADS, Credit, DPD, Development, SBO, Calendar, NPL, Bank

For the fourth quarter of 2023, the Company's retail credit enablement business take rate[1] based on loan balance was 7.9%, as compared to 7.7% for the fourth quarter of 2022.

Key Points: 
  • For the fourth quarter of 2023, the Company's retail credit enablement business take rate[1] based on loan balance was 7.9%, as compared to 7.7% for the fourth quarter of 2022.
  • C-M3 flow rate[2] for the total loans the Company had enabled was 1.2% in the fourth quarter of 2023, compared to 1.1% the third quarter of 2023.
  • Flow rates for the general unsecured loans and secured loans the Company had enabled were 1.4% and 0.8% respectively in the fourth quarter of 2023, as compared to 1.2% and 0.7% respectively in the third quarter of 2023.
  • Mr. YongSuk Cho, Chairman and Chief Executive Officer of Lufax, commented, "Complex macro conditions continued to impact SBOs during the fourth quarter.

Bank Leumi concludes 2023 with a net income of approx. NIS 7 billion ($1.93 billion)

Retrieved on: 
Tuesday, March 19, 2024
War, Organization, Farmer, Growth, Valley Bank, Rehabilitation, ESG, Share repurchase, IDF, Bank, History, Bank Leumi, Bank statement, Common equity, National bank, NPL, TEL, HQ, Corporation

Net income in 2023, net of the one-off deduction recorded in the first quarter with respect to the investment value in Valley National Bank totaled NIS 8.1 billion ($2.23 billion).

Key Points: 
  • Net income in 2023, net of the one-off deduction recorded in the first quarter with respect to the investment value in Valley National Bank totaled NIS 8.1 billion ($2.23 billion).
  • Net credit to the public as at December 31, 2023 totaled NIS 419.5 billion ($115.7 billion), compared to NIS 384.8 billion (106.1 billion) as at December 31, 2022 - a 9.02% increase.
  • Credit to retail customers as at December 31, 2023 totaled NIS 30.2 billion ($8.3 billion), compared to NIS 32.5 billion ($9.0 billion) as at December 31, 2022 - 7.08% decrease.
  • Credit to small businesses as at December 31, 2023 totaled NIS 26.2 billion ($7.2 billion), compared to NIS 26.7 billion ($7.4 billion) as at December 31, 2022 - a 1.87% decrease.

As interest rates surge: flighty deposits and lending

Retrieved on: 
Friday, April 5, 2024
Neumark, Face, BCBS, Quarterly Journal of Economics, COVID-19, Cash, MRO, Intensive word form, Duration, Disclosure, The, Return, Bank statement, DFR, Research Papers in Economics, Investment, DEP, Federal, Prudential, CEMFI, Core, Synthetic control method, Interest rate risk, Journal of Political Economy, Policy, OLS, Logic, PDF, LOAN, ECB, Risk, International, Shock, Quarterly Journal, ROA, Risk management, Panetta, HHS, T2, T3, E51, Silicon Valley Bank, Common, Social science, NBER, EBA, Propensity score matching, Control, JEL, University Challenge 2013–14, Database, Rigidity, Yb, Social Science Research Network, The Journal of Finance, Bednarek, Journal, Research, Public policy, AT1, Journal of Monetary Economics, PSM, Big data, McPhail, Literature, Medical classification, Federal Reserve, Robustness, Paper, NPL, Financial economics, Deposit account, European Central Bank, Gérard Schivardi, Remuneration, Central bank, Conference, Environment, Political economy, MDA, Equation, Collateral damage, Monetary economics, Monetary policy, Kernel, Hoffmann, Website, Movement, Reproduction, Financial intermediary, Silicon, FE, Working paper, Injection, American Economic Review, Data, G21, AnaCredit, Probability, Total, Lombard, Bank
Key Points: 

    EU banks are robust, but signs of credit quality deterioration are becoming apparent, the EBA’s Risk Dashboard shows

    Retrieved on: 
    Friday, April 5, 2024
    RDB, EBA, Risk, RWA, Roe, NPL, CRE, Elis James, LCR, Bank

    EU banks are robust, but signs of credit quality deterioration are becoming apparent, the EBA’s Risk Dashboard shows

    Key Points: 
    • EU banks are robust, but signs of credit quality deterioration are becoming apparent, the EBA’s Risk Dashboard shows
      The European Banking Authority (EBA) today published its Q4 2023 quarterly Risk Dashboard (RDB), which discloses aggregated statistical information for the largest EU/EEA institutions.
    • EU/EEA’s banks capitalisation stands at record levels, liquidity has improved, while return on equity (RoE) stood at 10.3%.
    • Yet, early signs of credit quality deterioration have become more apparent.
    • Financial market conditions during the first months of 2024 were benign with high level of debt issuances from banks.

    EQS-News: Strong earnings power allows for active risk management in 2023 – consolidated operating profit expected to rise to between €300 million and €350 million in 2024

    Retrieved on: 
    Wednesday, March 13, 2024
    Cloud, Software, Acquisition, Embrace, Digital Solutions, NPE, Investment, Risk management, DACH, Bank, UTS, Average cost, Growth, IESA, Chapter, Consolidated, Software as a service, Business, Atlantic Ocean, CIR, Common equity, EBT, Aareal Bank, NPL, Anomaly, Housing, Environment

    Consolidated operating profit is projected to rise to between €300 million and €350 million in 2024, even though the Bank anticipates continued above-average risk provisions.

    Key Points: 
    • Consolidated operating profit is projected to rise to between €300 million and €350 million in 2024, even though the Bank anticipates continued above-average risk provisions.
    • Aareal Bank Group closed the 2023 financial year with consolidated operating profit of €149 million (2022: €239 million).
    • Thanks to its strong earnings power, the Group nonetheless anticipates consolidated operating profit between €300 million and €350 million.
    • The Bank is expected to achieve operating profit of €250 million to €300 million, despite risk provisions projected to remain at above-average levels.

    EQS-News: 4FINANCE HOLDING S.A. REPORTS RESULTS FOR THE YEAR ENDING 31 DECEMBER 2023

    Retrieved on: 
    Wednesday, March 13, 2024
    Online, TBI Bank, Growth, TBI, Risk, EUR, News, FY, NPL, Security (finance)

    4finance Holding S.A. (the ‘Group’ or ‘4finance’), one of Europe’s largest digital consumer lending groups, today announces unaudited consolidated results for the twelve months ending 31 December 2023 (the ‘Period’).

    Key Points: 
    • 4finance Holding S.A. (the ‘Group’ or ‘4finance’), one of Europe’s largest digital consumer lending groups, today announces unaudited consolidated results for the twelve months ending 31 December 2023 (the ‘Period’).
    • Started operations through a joint venture in the UK (ondal.co.uk) in February 2023, and in Mexico (kimbi.mx) in October 2023 with encouraging signs in both.
    • Net receivables up 28% to €1,080.4 million as of 31 December 2023 compared with €846.4 million as of 31 December 2022.
    • TBI NPL ratio at 8.6% as of 31 December 2023, compared with 8.7% as of 31 December 2022.