Report
Roland Pfaender,MBA,CFA,CCRA

Grenke : Special audit provides increased transparency and guidance on remedies GRENKE needs to implement

>Mazars provided interim report - Mazars (conducts special audit commissioned by BAFIN) provided an interim report on the ongoing special audit. The report highlighted findings and weaknesses already known but also revealed additional weaknesses in GRENKE’s reporting and business processes. Overall, the report leaves the impression that GRENKE will need to improve various internal processes and will need to adapt to different reporting requirements and risk management...
Underlying
GRENKE AG

Grenkeleasing is engaged in providing financial services in three business segments: Leasing, Banking and Factoring. Leasing: Co.'s financing activities are focused on small-ticket IT leasing. Co. finances a wide range of goods, primarily in the area of information technology on IT equipment and systems and software. Banking: Through GRenke Bank AG, Co. provides financing products for small and medium sized enterprises focused on German customers, including lower-volume receivables (factoring) and car leasing. Co. also offers payment transactions and investment products. Factoring: Co. performs traditional factoring services in Germany and is a financial service provider. .

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Roland Pfaender,MBA,CFA,CCRA

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