With remarkable allocation of $ 11.8 billion and 70 transactions in 2009 (an increase of 118 percent compared to $ 5.4 billion and 58 transactions in 2008), BNP Paribas Corporate and Investment Banking is Number 1 loans for trade financing, coverage of the export credit agency. The assessment is based in New York consulting firm Dealogic, communicated by the Bulgarian office of BNP Paribas. From there, comment, is that was very difficult year this is a great achievement of the teams and the result of an enormous number of significant transactions during the year. The Bank is the undisputed world leader with a market share of 30%. According to Dealogic world market of loans for trade financing, coverage of the export credit agency, has increased by 29 percent per year, reaching $ 38.6 billion in 2009. BNP Paribas is present in Bulgaria since 1994 in the present moment more with your credit and life insurance company “Cardiff” and for Bulgaria’s leading consumer finance company BNP Paribas Personal Finance. ”
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The impairment of assets announced in the last 2 years are far below expectations of 47% of the investors, analysts and lenders. This shows a study prepared by Ernst & Young, the consulting company reported. “Disclosure of Impairment – for greater stakeholder confidence is a survey among 170 users of financial statements in 32 countries, drawn from one of the most respected global audit companies. The analysis found that these 3-sectors where most more likely to be impaired assets further over the next 18-24 months, as real estate, banking and capital markets and the automotive industry. Over 90 percent of respondents recognize that to predict cash flows over the next 12-18 months will be a major challenge. Jim Iyls, Department of Evaluation and Business Modeling at Ernst & Young, commented: “Investors, analysts and lenders are familiar with the difficulties and uncertainties in managing the business in current economic conditions. However, their confidence is fragile and they are cautious to forecast the future management of their businesses. As a result, they will be more demanding and seek greater transparency and more accurate interpretation of the assumptions made by management in the future of their businesses. ”
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