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WASHINGTON – Tim Panel Trustees in the Congress of the United States (U.S.) yesterday warned the amount of losses in commercial real estate sector could endanger the banking system.

According to the Panel, the amount of commercial real estate loans which reached USD1, 4 trillion would require re-financing funds (refinancing) in the next four years to coincide with the due date. In his report, the Panel stated that half of the value of property loans has decreased. “We estimate the loss as bad loans could reach USD200-300 billion and threaten the banking 3000 small and medium scale that does not have a sufficient proportion to commercial assets,” said Panel.

The report is a signal for the White House, and Congress that the credit market of commercial real estate is expected far worse before it rebounded. “We were seeing the point where TARP (troubled asset relief program) decreases and the major challenges in the economy,” said the U.S. Congress Panel Chairman Elizabeth Warren. He added that from this point the U.S. needed a new system before the real estate credit problems happen again. In his research, the Panel found the 2988 investment bank more than three times the assets owned in the field of commercial real estate loans. Of these, 2,500 of whom memeliki bank assets less than $ 1 billion.

“Many such small banks have gagal.Kegagalan small banks will be felt for several years,” said Warren. He added, commercial property business that failed to result in economic contraction have a major impact because bankbank is also a role in creating jobs and increasing economic activity. After submitting the report, the Panel offers some possible solutions for policy makers to prevent the real estate sector fell into the abyss of crisis. The panel recommends the U.S. Treasury Department to test the resilience of the banking sector is concentrated in commercial real estate loans.

The panel also stated that the federal government should consider other solutions, including injecting capital into banks is small. Another step is to buy troubled assets or loan guarantee. However, at the Congress session last fall, Finance Minister Timothy Geithner said the move was not realistic for large-scale bank review until a more detailed level. Meanwhile, real estate research firm Foresight Analytics states that berasarkan research, the potential losses in U.S. banks could reach $ 50 billion or about 60 percent of problem loans.

This figure is based on the lower apartment prices, office and industrial properties throughout the United States last year. “Losses housing sector is already happening,” said JPMorgan Chase Chief Executive Jamie Dimon. The threat of bad debts, the housing sector also came after the U.S. unemployment rate was not much moved by the level of consumer spending 10 persen.Akibatnya out and weakened so that the spur credit suspend debtor. “Members of businessmen only took office and barangbarang consumers are not buying at retail stores,” said Executive Director Burnham-Moores Center for Real Estate University of San Diego Mark Riedy.

He considers, that fact will affect thousands of communities and national and regional banks holding approximately USD860 billion of commercial mortgage loans and construction loans.

Frankfurt – The level of distribution of bank loans in the European zone to the private sector in November and are still having a contraction.

These conditions indicate the flow of credit still tight as Europe’s economy was expanding at the time of recovery. According to the European Central Bank (European Central Bank / ECB), the level of bank loans in Europe last month fell 0.7 percent over the previous year. Decrease in the negative zone is the third time since last September.

In comparison loan in October and in Europe also fell 0.8 percent and minus 0.3 percent Septemba. European zone are in the recovery phase of recession after economic growth in the region began to improve in the second quarter with III/2009 record 0.4 percent rise in quarterly.

According to some economists, the decline in the previous loan has been warned it could disrupt the business of his rebounds. Economist at IHS Global Insight Howard Archer European states, the lack of credit in the area showed a recession that allows economic growth inhibition.

“Latest figures presented ECB obviously influenced meredanya bank financing. This condition has maintained a concern that the eurozone recovery can be implemented again in the future but bulanbulan large number of companies are not able to get the credit they need,” he said.

In a release yesterday, the ECB also said that credit growth indicator called ECB ECB M3 mengalalami decrease of 0.2 percent. This figure was lower than analysts projected in the Dow Jones poll predicting 0.4 percent growth. The decline followed indicator dilution November last October by 0.3 percent.

M3 indicator seen from the amount of money in circulation, deposits and other banking instruments. Just FYI, the amount of loans and money supply is a picture of consumer demand and overall economic activity in a region. “Overall, the money supply in the euro zone and credit in November could encourage the gradual steps to withdraw the emergency liquidity measures.

This is important to maintain interest rates at low levels until the end of 1 percent in 2010, “Archer said. According to the ECB, credits the current decline has more to do with the decline in demand not because of lack of supply of funds. But this is denied on the company and the leader stated otherwise.

“While we expect further decline and the third monthly flow of negative berturutturut (M3), we do not expect a big slowdown like that,” said UniCredit economist.

JAKARTA – Bank Indonesia rate rise would weaken the credit absorption of motor homes and vehicles, especially two-wheeler.

“Credit homes and motor vehicles will decrease,” said Vice President Director of BCA Jahja Setiaatmadja, through the Asia Pacific Conference and Exhibition (Apconex) 2008, in JHCC, Jakarta, Wednesday (7/5/2008).

However, generally do not affect the BI rate credit distribution. Except, interest rates grew 100 basis points to nine percent.

BCA itself, in responding to this increase perupaya not raise interest rates, with a note if sufficient funding.

“When it comes to fuel increase, will affect the loan. But there are options in the credit needs of plantation sector. Pinjamanan So it will switch to the plantation, plantations, and communication,” he explained.

Although the BI rate rises, but in the year, BCA credit loan growth target approximately Rp12-14 trillion. “Not talking about a change,” he said.

BI Radat Board of Governors has just raised interest rates 0.25 percent from eight percent to 8.25 percent.

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Suryainti Permata Tbk PT proposes cutting debt by 40% of the principal debt to the creditors Oversign BV
Director Henry J. Suryainti Permata Gunawan through exchange of information disclosure today revealed the company also proposed exemption of interest payments on certain days.
“The company also denied the existence of additional collateral. Until now there has been no response from the creditors of these proposals, “he said today.
He expressed that if this restructuring scheme against the company and its shareholders, to avoid greater losses, shareholders are willing to hand over assets for debt repayment.
The total value of debt acquired by Suryainti Gems of Oversign BV worth U.S. $ 70 million. He admitted the company could not pay the interest obligations due on January 20 because of the weakening Suryainti performance.
Oversign B.V. has also sent notice of default against the company on January 19. “The global financial crisis has pushed the company’s performance and yet no sign of recovery for the property with upper middle class segment.”
Henry revealed the company actually has proposed debt restructuring scheme but declined. In fact, he continued, this scheme considers the high cost of loan arrangement worth U.S. $ 3.5 million, Biya interest U.S. $ 20 million, and investment inefficiency costs of U.S. $ 16.5 million

new Credit distributed in China until January 29 to reach 1.6 trillion yuan (U.S. $ 234 billion).

The report, written by the Economic Information Daily said Industrial & Commercial Bank of China Ltd. distributed more than 170 billion yuan, up by January 29. The news was cited by Xinhua News Agency without naming its source.

Bank of China Ltd. to distribute credit more than 160 billion yuan, Agricultural Bank of China about 150 billion yuan, and China Construction Bank Corp., nearly 108 billion yuan.

The newspaper also said the Bank of China credit target this year to 600 billion yuan and China Construction Bank lending rate hit 750 billion yuan.

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