Connect with us

Hot and How?

Credit to industry in Spain grows 9%, according to a report

Avatar of Thomas Grimm

Published

on

industria jpg

The report “Evolution of credit to companies in Spain 2022”, prepared by the consultancy AIS Group, shows that the credit portfolio to industry grew by 9% in the first half of 2022, reaching a total balance of almost 118,000 million euro. This is the highest rise among all the productive sectors, which ends the downward trend reduction of this portfolio experienced in 2021when it closed with a total of 109,893 million euros in outstanding loans.

It should be noted that industry is one of the sectors that has been most affected for the war in *text muted*, with the consequent decrease in inputs, especially raw materials, and by growing inflation, as a result of the increase in the cost of energy. This last effect implies a very hard blow for the sector that has increased its financing needs to face these higher costs.

As soon as to doubtful credits, the industry accumulates 17% of the total of them with a portfolio whose balance at the end of the first half of 2022 was slightly higher than 4,380 million euros, some 475 million euros below the figure of December 2021 and more than 765 million below June 2021. This has allowed the NPL rate to be lowered to 3.7%.

According to the AIS Group study, the trend already observed at the end of the 2021 financial year continues, and the general decreases in the volume of credits in practically all sectors, except for activities related to the primary sector (agriculture, livestock, fishing, hunting and forestry), commerce and industry, which have seen their portfolio balances grow.

Despite the variations, the weight of credit in each sector has barely varied from what is the usual framework. Thus, the bulk of the loans, 70%, go to companies in the service sector, while those granted to industry represent 20.7%. The construction concentrates 4.7% and the primary sector barely accounts for 4% of the total.

Warning, scroll to continue reading

Despite all the warnings of a foreseeable increase in default, the statistics do not yet reflect this rise. Rather the opposite, the balance of doubtful credits has decreased by almost 2,500 million euroswhich has caused a reduction of four tenths in the delinquency rate, which in the last year has dropped from 5% to 4.6%.

The industry is one of the sectors most affected by the scarcity of raw materials, the increase in its costs and the runaway price of energy, a situation that explains the growth of the sector’s indebtedness, aggravated by galloping inflation”, comments David Fernández, commercial director of AIS. “A scenario where the immediate future is marked by both inflation and the rise in interest rates from the European Central Bank”.

In the face of uncertainty, intelligence

According to David Fernandez, “In the current macroeconomic scenario, with a significant degree of uncertainty, artificial intelligence (AI) has become an invaluable tool to generate efficiency in credit risk management of the entities and keep it within the parameters desired by each entity”.

The ability of AI to analyze an infinite number of variables of a diverse nature and its high predictive power make it an ideal tool to automate processes, optimize resources and improve results. “Its application offers efficiency improvement rates in many cases greater than 25%”, says the director of AIS. “This improvement, evidently, is transferred to the business level, as it translates into increased contracting of products, evaluation and approval of a greater number of credit applications, reduction of the default rate, etc.”

The AI It can be implemented in many facets of risk management, but from AIS five very relevant applications stand out at the present time: open banking tools to have real-time information on clients (individuals or companies); machine learning models to have more accurate credit profiles; alert systems that give room for maneuver in situations of deterioration, avoiding falling into the increase in provisions; default recovery tools in which AI helps define profitability strategies; and balance projection systems that allow the Risk areas to predict the behavior of the companies that make up the portfolio, being able to simulate their evolution in different macroeconomic scenarios.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Hot and How?

The best contents of the week in MuyPymes

Avatar of Thomas Grimm

Published

on

Los mejores contenidos de la semana en MuyPymes 1

As every Sunday we end the week with a new review of the best content that we have published in MuyPymes. This compilation will allow you to find the most important information of the last seven days just one click away. Have a good Monday.

  • How Digital Transformation enables the four-day work week.
  • Production with robots would be paralyzed for weeks, in the event of a cyber attack.
  • These are the main novelties that the self-employed will face in the next two years.
  • Renting Finders joins the Lanzadera program.
  • How do I know if I’m eligible for Windows 11?
  • Cybercriminals are using OneNote to spread malware.
  • 85% of Spanish workers will not ask for a salary increase this year.
  • 70% of Spanish managers avoid the mental health problems of their teams.
  • What future does face-to-face events hold: the opinion of the expert.
  • The Christmas campaign closed with an increase in online purchases of 13%.
  • Four reasons why consumers opt for chatbots.
  • Google for Startups creates a specialized cybersecurity program.
  • Samsung will launch the new Galaxy Book3 on February 1.
  • Canon reinforces its digital services thanks to its Document Services Hub.
  • 86% of users will prefer pay-as-you-go over long-term licenses.
  • Digital workers do not want to return to the office: 80% would leave the job.
  • Four out of 10 self-employed expect a drop in activity due to inflation.
  • NVIDIA launches new Studio Drivers drivers, we review their keys.
  • Sony introduces new Crystal LED BH and CH series monitors.
  • Epson and Yuima Nakazato together for a sustainable future in the world of fashion.
  • AOC launches its new range of P3 monitors for professionals.
  • New NUC with Intel Alder Lake-N CPU, powerful and compact.
  • Acer launches a 16-inch ultraportable with 4K resolution.

The entry The best content of the week in MuyPymes is original from MuyPymes

Continue Reading

Hot and How?

The most frequent problems regarding time control

Avatar of Thomas Grimm

Published

on

clock 3410034 1280

As indicated from Woffu, time control managementIn addition to being a legal necessity, it is one of the main headaches for HR managers. The company highlights the main difficulties when it comes to managing the presence and absence of workers and how to solve them.

Waste of time solving incidents

One of the main problems that HR managers encounter is the time invested in solving incidents caused by disconnected tools, which do not have the technology to integrate vacations and absences with the presence in the same tool.

Many companies manage absence requests by email, paper or Excel sheets, for example, which do not allow them to attach supporting documents. In this way, as they point out from Woffu “team leaders waste hours and hours searching for and requesting receipts, reviewing who is working and who is not available. This prevents them from focusing on valuable tasks.”

Non-digitized HR processes

In the same way, one of the obstacles in the management of time control is the lack of digitization. Since the Time Control Law does not specify whether it must be done with a tool designed for it, there are many companies that choose for continuing to register on paper or in Excel sheets. “Companies waste a lot of time by manually recording the hours worked and the reasons for absence, in addition to the fact that the margin of error is greater and the data obtained is not reliable”, They comment from Woffu.

In addition, in many companies, the tools used do not allow managing the signing of a hybrid work model or a work model only remotely. Therefore, by not having this digitization, the company lacks data and information that helps to understand its reality, such as the absenteeism rate, departments that telework the most, etc.

Warning, scroll to continue reading

Lack of visibility of the days of absence and presence

Another of the common problems is that the company usually lacks visibility of the days of absence and presence of employees or between teams. This translates into a waste of time asking or searching emails or notifications for the availability of the rest of the team. Related to that lack of visibility is the fact that employees may believe that their overtime is not being recorded. This leads to disgruntled and distrustful employees.

Tools that do not meet the needs

It may happen that HR software has been hired, but when employees and managers use it to record the workday, or to request medical hours, the tool does not meet usability standards. Or it does not allow a real-time connection with visualization on any device. In this case, it is best to test the tool before entering into a deal. Make sure that it is user friendly and that it responds to the needs of both employees and HR managers. We must try to make the use of the labor registration tool as easy and bearable as possible, so it will be possible to ensure its daily use and full adoption by the workforce.

Time Control Law

Despite the fact that it has been more than four years since the implementation of the Control Law, it is still an aspect of business management that continues to generate controversy and controversy. In fact, according to data published by Grupo SPEC, half of the companies would not pass an inspection by the hourly register three years after the law. In fact, from September 2019 to May 2022, inspectors have detected a total of 3,299 violations in the registration of working hours throughout Spain and have imposed a total of 4.7 million euros in fines.

Continue Reading

Hot and How?

Acer launches a 16-inch ultraportable with 4K resolution

Avatar of Thomas Grimm

Published

on

Acer

The new Acer Swift Edge is presented as a new high-performance ultraportable, and despite everything it maintains a very contained weight. This computer comes configured with a Ryzen 7 Pro 6850U APU, a chip that can be configured with a Zen 3+ CPU and a Radeon 680M GPU based on RDNA2 architecture. The processor has 8 cores and 16 threads at 2.7 GHz base frequency and 4.7 GHz speed in turbo mode, and the GPU has 768 shaders.

Despite being a low power solution, that APU is capable of delivering an excellent level of performance, and its integrated GPU can outperform dedicated solutions like the NVIDIA MX450so it’s a really interesting APU. The memory configuration that Acer has used in this equipment impresses, since we have a total of 16 GB of LPDDR5 memory at 6,400 MHz in the most powerful version, which translates into high bandwidth.

The screen of the Acer Swift Edge is 16 inches, you can mount a OLED panel with 4K resolution capable of reproducing 100% of the DCI-P3 color space and is TUV RHEINLAND certified, indicating both high quality color reproduction and low blue light emissions. The rest of its specifications are completed with a 1 TB M.2 SSD with PCIe 4.0 x4 interface, Wi-Fi 6E and Bluetooth 5.2 connectivity and a FullHD webcam.

The range of connectors that the Acer Swift Edge brings is up to the equipment, and we can highlight the presence of two USB 4 connectors, two USB 3.2 Gen 1 Type-A, a 3.5 mm jack and an HDMI output. In its base configuration, this equipment weighs only 1.17 kilograms, its chassis is made of a magnesium aluminum alloy and offers a range of up to 7 and a half hours for each battery charge. Its price will be 1,200 euros in its base configuration.

Warning, scroll to continue reading

Continue Reading

Trending