Foreign banks make incursions in Germany
Article Abstract:
German banks are experiencing competition from foreign banks, as companies like Royal Bank of Scotland increase their investments and services in Germany. Some foreign banks offer better rates. For example, the utility company EnBW AG secured a large loan from foreign banks.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
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Foreign banks make headway in Germany
Article Abstract:
Germany's banking industry has been negatively impacted by the country's economic stagnation. This has led to a search for new credit sources in the form of foreign banks, which have secured 61% of Germany's syndicated loans during the 2003 first half.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
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German banks plan to sell loans
Article Abstract:
Major banks in Germany are planning to sell their loans to investors in bond markets. The German government hopes that the decision will promote more lending to local businesses.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
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