Examples of using Restructuring unit in English and their translations into German
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Colloquial
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Medicine
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Ecclesiastic
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Computer
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Programming
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Official/political
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Political
The Pareto restructuring unit will be led by Kai Afflerbach.
The Core Bank contributed EUR 139 million and the Restructuring Unit EUR 7 million to this result.
Restructuring Unit recorded a loss of EUR -271 million before taxes.
Rapid year-on-year wind-down of legacy assets in the Restructuring Unit by 26 percent to€ 37 billion.
Accordingly, the Restructuring Unit accounted for most of the decrease.
Of this, EUR 69 billion were accounted for by the Core Bank andEUR 47 billion by the Restructuring Unit.
The Restructuring Unit's assets were reduced to EUR 50 billion in 2012 previous year.
This resulted in a significant, albeit planned, decrease in the Restructuring Unit's net interest income.
Of the yearend totals, the Restructuring Unit accounted for EUR 59 billion and the Core Bank for EUR 77 billion.
Here the increased amount of new businessstood opposed by the continued portfolio reduction in the Restructuring Unit.
The Restructuring Unit has total assets of EUR 50 billion(as at 30 June 2013), of which around EUR 9 billion in the shipping sector.
A large proportion of the impairment charges pertained to the foreign and LBO business that will in the future be allocated to the restructuring unit.
Effective 12 March 2012Wolfgang Topp will become Head of the Restructuring Unit of HSH Nordbank as Generalbevollmächtigter generally authorised agent.
The trend reflects the resolute reduction in risk-prone legacyportfolios as well as non-strategic portfolios in the Restructuring Unit.
We furthermore recorded moderate additions for European mortgages in the Restructuring Unit as well as for one-off cases in the Energy& Infrastructure division.
Once again the result wasnegatively affected by the scheduled increase in loan loss provisioning for legacy portfolios in the Restructuring Unit.
The Restructuring Unit is not a bad bank because attractive, profitable businesses that no longer fit HSH Nordbank's future strategy have also been allocated to it.
A further focus will also be on management and the reduction of the Bank's risk-prone troubled assets,most of which are to be found in the Restructuring Unit.
This resulted mainly from the continued resolute wind-down of portfolios in the Restructuring Unit by€ 6 billion and negative special effects of€ -154 million.
The focus in this respect is above all on risk-aware expansion of client business in the Core Bank and the ongoing,speedy wind-down of legacy assets in the Restructuring Unit.
In this role he is responsi-ble for the Restructuring Unit, established in December 2009, in which non-strategic business areas and portfolios of HSH Nordbank are wound down in a manner that safeguards their value and causes minimum disruption to the market.
The Management Board will resolutely implement its strategy with a view to the second half of the year,with rapid wind-down of the legacy assets in the Restructuring Unit remaining a primary objective.
The Restructuring Unit benefited substantially from the effect of the capital protection clause as well as from further impairment reversals in the Credit Investment Portfolio and also made a positive contribution with pre-tax earnings of EUR 245 million previous year: a loss of EUR -44 million.
Lower risk premiums as at the reporting date consequently entailed positivevaluation effects especially in the Credit Investment Portfolio(CIP), which is managed by the Restructuring Unit.
Whereas the trend in the net interest income of the Core Bank's client segments was steady in the wake of the new business,net interest income in the Restructuring Unit was down significantly as planned because of the drop by nearly one quarter in its total assets.
Constantin von Oesterreich has been a member of the Management Board of HSH Nordbank since 1 November 2009, initially as Chief Risk Officer(CRO); lateron he was also appointed Chief Financial Officer(CFO) and put in charge of the Restructuring Unit RU.
Here, as expected, the positive influence of the new business paid out in the client segments wasmore than offset by the substantial reduction of the portfolio in the Restructuring Unit and the increase in impaired ship loans, the capital service of which may not be allocated to interest income according to IFRS accounting.
The bank will improve its funding needs through a 61% reduction of its balance sheet in the aircraft financing, corporate business line, real estate and shipping,and the transfer of deteriorated and non strategic assets to a restructuring unit.
It is therefore important for the banks to build internal work-out capacity for non-performing loansincluding strengthening the internal asset management and restructuring units, to accelerate the processing of non-performing loans while maximising recovery value and preserving viable businesses.
Negative effects came from writedowns and provisions by HSH Real Estate AG, especially in business with closed-end funds, and increased loan loss provisions principally for foreign real estate finance,which will in future be allocated to the Restructuring Unit.