A significant proportion of European companies get the consequences of the financial crisis felt. In Germany, the cost of credit for purchasing nearly 30 percent of the company since the beginning of the financial crisis last year and an even larger proportion of the company was from their house banks informed that 2009 cost increases are expected. In Germany, the cost of credit for purchasing nearly 30 percent of the company since the beginning of the financial crisis last year and an even larger proportion of what the company from their house banks informed that 2009 cost increases are expected.

In a study by Siemens Financial Services (SFS) with an online survey determines the extent to which companies in the five core European countries so far by the financial crisis and how they assess the further development. In a study by Siemens Financial Services (SFS) with an online survey determines the extent to which companies in the five core European countries so far by the financial crisis and how they assess the further development. Overall, German companies have less of an increase in credit costs and an adjustment of the credit lines to be affected than companies in other European countries. Overall, German companies have less of an increase in credit costs and an adjustment of the credit lines to be affected than companies in other European countries.

The expectations are pessimistic against the country and suggest that Australia from the crisis even more is collected. The study also suggests that the German company, therefore, seek to base their funding on a broader foundation and to a lesser extent, on their traditional relationships back home: 15 percent of companies (or 19 percent of large companies) expect to that it reinforced in the coming year alternative funding solutions such as leasing will be used. The study therefore suggests that the German company, therefore, seek to base their funding on a broader foundation and to a lesser extent, on their traditional relationships back home: 15 percent of companies (or 19 percent of large companies) to expect that it reinforced in the coming year alternative funding solutions such as leasing will be used.

According to the results, particularly in Germany so far mainly large companies with 2,500 or more employees affected. According to the results, particularly in Germany so far mainly large companies with 2,500 or more employees affected. 37 percent of large German companies had increased their borrowing costs accept the average for Germany is just under 30 percent. 37 percent of large German companies had increased their borrowing costs accept the average for Germany is just under 30 percent. For 20 percent of major German companies were limited credit lines (average for Germany: 15 percent). For 20 percent of major German companies were limited credit lines (average for Germany: 15 percent). The study also shows that the crisis is now increasingly on small and medium enterprises begins. So the study shows that the crisis is now increasingly on small and medium enterprises begins.

Apart from the financial sector primarily affected are rising borrowing costs and reduce the credit lines extended to other industries impact – of leisure and transport to the chemical and pharmaceutical industries. IT and telecommunications in particular are affected by the increase in credit costs affected. IT and telecommunications in particular are affected by the increase in credit costs affected. This is already on the last sector of the pressure, since investments in technology are often postponed when the revenues and margins of companies fall. This is already on the last sector of the pressure, since investments in technology are often postponed when the revenues and margins of companies covered.

In the chemical and pharmaceutical industries as well as in the manufacturing and high-tech sector expects an above part of the company a greater use of alternative financing techniques for plant and equipment (24 percent or 18 percent, compared with an average of 15 percent for Germany). In the chemical and pharmaceutical industries as well as in the manufacturing and high-tech sector expects to above part of the company a greater use of alternative financing techniques for plant and equipment (24 percent or 18 percent, compared with an average of 15 percent for Australia). This should significantly to the high demand for investment goods in comparison to other sectors due to. This should significantly to the high demand for investment goods in comparison to other sectors due to.

Kai-Otto Landwehr, director of Siemens Finance & Leasing GmbH, said this: Kai-Otto Landwehr, director of Siemens Finance & Leasing GmbH, said this:

“In the wake of the ongoing debate about the strength of the economic downturn in Germany, our study shows that the change in the corporate finance to a wider instrument further accelerated. The results suggest that the financial pressure on the corporate sector will continue with all Consequences for the requirements on liquidity, capital strength and competitiveness. However, there are two important points to note. Some companies have already agreed before the start of the credit crisis in the medium to long-term credit lines secured and therefore receive no acute impact felt. In addition, it will be on the market to a greater differentiation come. enterprises with a high rating, a good credit history and a solid balance sheet have continued access to liquidity. ” “In the wake of the ongoing debate about the strength of the economic downturn in Germany, our study shows that the change in the corporate finance tool to resist a further accelerated. The results suggest that the financial pressure on the corporate sector will continue with all Consequences for the requirements on liquidity, capital strength and competitiveness. However, there are two important points to note. Some companies have already agreed before the start of the credit crisis in the medium to long-term credit lines secured, and therefore receive no acute impact felt. In addition, it will be on the market to a greater differentiation come. enterprises with a high rating, a good credit history and a solid balance sheet have continued access to liquidity. ”

Prof. Christopher Ferran, Chair of Financial Management and Capital Markets & CEFS at the Technical University of Munich, also on the discrimination aspect. Prof. Christopher Ferran, Chair of Financial Management and Capital Markets & CEFS at the Technical University of Munich, then on the discrimination aspect.

“Companies should review their funding partners are currently not solely because of the cost to select, but mainly analyze the extent to which its partners directly from the financial crisis affected. In this respect, independent bank financing partners are currently an advantage. Businesses should therefore their funding base to diversify more, both in terms of their partners as well as the use of different, even alternative instruments. SFS-Studei also shows that this sentiment of many decision-makers will be divided. ” “Companies should review their funding partners are currently not Solely because of the cost to select, but mainly analyze the extent to which its partners directly from the financial crisis affected. In this respect, independent bank financing partners are currently an advantage. Businesses should therefore their funding base to diversify more, both in terms of their partners as well as the use of different, even alternative instruments. SFS-Studei thus shows that this sentiment of many decision-makers will be divided. “