Schlagwort-Archive: IS

Banks of South Europe get status to find new investors

Nordic banks, like the banks of Norway, Denmark and Finland were long seen as a possibility to invest money with attractive profits. Since the crisis in finance sector in 2008 the banks in Europe, the nordic banks excluded, were at risk and don‘t perform very good. But now the circumstances that made the nordic banks to a secure haven for investors changes. As the banks reststructuring and bad assetts were written off the status of the south European Banks become more interesting for investors.

One example is Santander Bank. Banco Santander take over the Banco Popular Espanol SA, and will start the digital bank Openbank, where the customers will be able to do any business swith the smartphone. Openbank will have no counterbusiness. Until now Santander has the highest density of branches of european banks. This could change and this will decrease the cost ratio. Santander has a cost ratio of 57 today, the average ratio of spanish banks is 61.

Santander acts globally. The profit spread is following:
Brasil 21%
Great Britain 20%
Spain 12%
Mexico 8%
Chile 6%
USA 5%
Portugal 5%
Argentine 4%
Poland 3%
oter countries 3%
Santander Consumer Finance, total 13% 

Santander has made an takeover agreement with Citigroup for the privat customer business in 2016. Santander will also improve the assett management.

The price-earnings-ratio is 12 and the forecast of Santander is 11 for 2018. The ratio of price to assett value is 0,9, means that the value of the company is higher than the assett value. Also the dividend is with 3.6% good. That means the assett value has good reason to increase and the investor a good reason to invest.

Santander is rated by Standard and Poor‘s and Fitch

Ratingagency

Long Term

Short Term

Outlook

Standard & Poor’s

BBB+

A-2

stabil

Fitch

A-

F2

stabil

Santander has 125 million customers and 20.9 mio digital customers. 

The cost-income-ratio is 48%. With the successful implementation of Openbank this ratio will decrease.

Santander is restructured and it‘s new strategy is succesful. The deposits increased from 12 biopound sterling to 65 bio pound sterling. The loyal customers increase about 420,000 customers since 2012 and the bank trim the credit costs 25%. And teh customers of Santander are contended with their bank. In 8 of the 9 core countries the bank is under the first three of the branche of business. The chart of Santander is risen from 3.50 € to 5.93€ yty.

Santander accepts responsibility in the countries ist make business and is engaged in social projekts. The bank is engaged in 1200 Universities, supports 35.000 students with studentships, give 250.000 small credits in latin america and supports 214 schools in Brasil.

Reasons Santander has the best rank in Dow Jones Sustainability Index.

So Santander is an interesting object for investors.

https://de.finance.yahoo.com/nachrichten/banco-santander-handy-statt-bankschalter-091354676.html
http://unternehmen.santander.de/de/investor_relations/aktuelles/aktuelles.htm

Argentina is under US pressure to control patagonian region

A day after the Senate approved the proposed debt exchange as a way to circumvent U.S. court rulings Argentina government diskusses swapping global Argentine bonds for paper governed by local law. After a New York court had ruled that Argentina is prohibited from paying holders of its restructured bonds without also paying the hedge funds $1.3 billion plus interest.

In 2002 bondholders got less than 30 cents on the dollar as Argentina defaulted on about 100 bio $ in bonds, because a small group of hedge funds went to court for full repayment.

Argentina steadfastly refuses to pay the holdouts in full, saying that to do so would open the country to a raft of new lawsuits. Argentina fights against recession and inflation. With the swap Argentina tries to to circumvent the U. S. Court rufling and hold liquidity. „There is obviously willingness among many creditors, or bondholders, to participate in the sovereign debt payment law, in order to get the money that is owed to them,“ cabinet chief Jorge Capitanich told reporters. The debt swap bill, passed by the Senate on Thursday. It will allow holders of 29 bio $ in bonds under foreign law the choice to swap them for papers governed by Argentine or French law.

In need of financing to develop its vast Patagonian shale oil and gas fields, Argentina will be unable to issue fresh international debt until the lawsuits are settled.

With Patagonia shale oil and gas field Argentina is sitting atop of a shale bounty that could transform the outlook for the Western Hemisphere’s supply and secure the South American country’s energy self-sufficiency for decades. And it is in an area where you’ve already got oil industry activity. There are service companies, pipelines and infrastructure, and you have also knowledge of the rocks.

Asked what was the key reason behind the decision of US based Corporation Chevron to increase its investment in Vaca Muerta, Robertson answered: “We like the rock. That’s first and foremost. Drilling costs are coming down and the well results so far were sufficient to warrant additional investment.”

BP, CNOOC, Chevron and Sinopec will start 2017 to drill more than 1500 wells to produce 50,000 barrel/day of crude oil and 3 billion cubicfeet/day of natural, so YPF.

The  Chevron Corporation is operating in Argentina for many years where it produces currently 21,000 barrels of crude oil and 4 million cubic feet of natural gas per day and has signed Heads of Agreement to spent $1.24 billion capital expenditure to explore and develop the shale oil and gas in the Vaca Muerta Basin within the Neuquen Province in Argentina.

This agreement comes at a critical period for Argentina as it should start to import natural gas and refined products although it is recognized to hold ones of the largest reserves in the world for shale oil and gas.

Chevron estimates that 2014 capital and exploratory expenditures will be $39.8 billion, including $4.8 billion of spending by affiliates.

At the same time NML Capital served subpoenas this week to Bank of China (BOC) and Industrial and Commercial Bank of China (ICBC) in an effort to obtain information on $6.8 billion in financing for deals signed by the two countries in July.

„We want to understand the mechanics of these credit facilities to establish whether assets to which Argentina has a legal title could surface in jurisdictions where we would be able to attach them,“ a lawyer advising Elliott told.

The subpoenas are aimed at a facility provided by China Development Bank, ICBC and BOC to finance the onstruction of two hydroelectric dams in Argentina’s southern Patagonia region and a loan from China Development Bank and ICBC to finance the Belgrano Cargas railway project.

Both deals were signed by Argentine President Cristina Fernandez and her Chinese counterpart, Xi Jinping, during an official visit of a Chinese delegation to Buenos Aires.