Fiducia Atruvia, Apobank Alchemy, Lending Business Fail

By Heinz Roger Domes

Exclusive: Fiducia & GAD rebranded Atruvia today: It’s been four months since we reported (also exclusively at the time) about the planned rebranding of our collaborative IT service provider. And now? Our sources say a rebranding is imminent. Maybe this morning Cool old home Fiducia & GAD (the motto: “Experience the future”) isn’t too old, but it’s still pretty cool of course. Almost a bit of a shame.

Apobank generates semi-annual profits of more than 100 million euros: You can blame the largest co-operative bank in this country – in terms of income, however, the pharmacist and medical bank in Düsseldorf are strength. Specifically: material expenditures that have exploded in the past few years continue to rise rapidly (+2% to reach 246 million euros), which is surprising given the long-completed core bank transition … However, the operating profit From 102 million euros in the January-June period (defined as “the result of normal business activity”) stuck, compared to the same period last year, an increase of 82%. How is that? 1.) Unlike in the first half of 2020, no risk provisions have been made this time; 2.) 28 million euros TLTRO; 3.) 30 million euros of other operating income, among other things of reverse provisions in relation to legal matters … Now the average person might ask how sustainable all this is – expert answers: Apobank has the uncanny ability to generate positive income – from the effects Have the will to be able to reproduce!!!! And if at some point it is no longer the case? Hopefully, material costs will come down by then.

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It is neither our duty nor our method to correct misinterpretations of other publications … After yesterday morning in various financial media it was said that the DSGV was offering for sale the Berliner Sparkas as well as the Berlin Hyp (and we ourselves were not 100% sure of our business), this must be clarified again: we were with them guessing what Only Berlin Hyp To be sold, but Not Berliner Sparkas, fortunately right. Another obvious assumption was confirmed from yesterday morning: it is in fact that DSGV sells Berlin Hyp exclusively within the public sector. In other words: If NordLB didn’t quickly and quickly integrate Deutsche Hypo a few months ago, let’s say now Helaba would have one roof under one roof middle Sparkasse mortgage financiers (Berlin Hyp + Deutsche Hypo + Helaba Real Estate Business) can falsify. Okay

N26 (now) offers real-time transfers: It was dynamism that Pobas, Vobas and Haspas (i.e. traditional banks) once rushed to instant payments – while, for example, ING Diba, DKB or N26 pretended to cook it all is not your business. After all: N26 has changed his mind in the meantime, since yesterday we were able to remove the Berliner Neobank from our instant Sepa muffle list we created a year ago. the conditions? Express transfers are free for all paid account holders, while N26 calls for €0.49 per transfer in real time for their free account customers.


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