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Down for the count at HBV Group
Essay specific features
Written by:
David C
Date added:
December 29, 2016
Level:
University
Grade:
A
No of pages / words:
6 / 1502
Was viewed:
4478 times
Rating of current essay:
Essay content:
HVB has 8.5 million retail customers and is Europe's largest mortgage lender. It is the leading lender to the Mittelstand?the small and midsize companies that form the backbone of the German economy.
The problem is that the company is seeing mounting losses, tumbling credit ratings, and a share price less that half of what it was in 2002...
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In the early to mid-1990's one of HBV's banks made real estate loans worth billions of dollars especially in the former East Germany. But with the Eastern Germany economy failing to achieve the expected results, and taking the West Germany with it, the entire German economy went into a recession, and HBV was stuck with billions of dollars in bad debt...
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