Balance analysis system
A balance sheet analysis system supports credit institutions in evaluating the annual financial statements of their borrowers for the purpose of balance sheet analysis .
application
Pursuant to Section 18 KWG , credit institutions are obliged to obtain an overview of the borrower's financial situation when granting loans . To this end, its annual financial statements are transferred to a balance sheet analysis system by bank analysts . The analysis system then uses the recorded information to generate key business figures , which are incorporated into a rating as the basis for the credit decision together with other mostly qualitative factors .
Using industry comparisons, it is possible to compare a company with other companies that are active in the same industry . Some balance sheet analysis systems offer this function in order to generate comparative values for a company's key figures. These so-called peer group comparisons enable a company to be compared directly with its competitors. The prerequisite for both comparisons is that the information in the annual financial statements is available in a uniform format.
As external persons, investors are often forced to base their investment decisions on publicly available information. The annual financial statements are the most important instrument here. Balance sheet analysis systems support the investor in the selection of suitable investment objects.
Systems
There is a large number of IT-based balance sheet analysis systems available on the German market as software or databases . Most of the systems were developed as proprietary systems by the respective banks or groups of institutes themselves. After recording all items from the annual financial statements, these systems take over these external financial statements and evaluate them using specified key figures.
EBIL
The browser-based balance analysis system EBIL (individual balance sheet analysis) was developed by the German Savings Banks and Giro Association (DSGV) for the Sparkassen-Finanzgruppe and is operated and distributed by the German Sparkassenverlag (DSV). It is continuously developed with the involvement of practitioners. The system has been available since 1978 and can process annual financial statements of all common accounting standards (e.g. HGB , IFRS , US-GAAP ) as well as income surplus accounts (EÜ). It combines a traditional key figure analysis with modern approaches of a cash flow- oriented final analysis. The system also enables an anonymous industry comparison of the entire portfolio of all affiliated savings banks and Landesbanken . The data pool, which is based on uniform standards, is also the basis for the (further) development of the rating procedures used in the Sparkassen-Finanzgruppe. To maintain uniformity and standardization, the DSGV guidelines u. a. published with central analysis recommendations. The EBIL program is used by more than 90% of the savings banks and the vast majority of the Landesbanken.
BARS
Various large German credit institutions, including Deutsche Bank and Dresdner Bank , as well as several Landesbanken use the BARS system originally developed for Deutsche Bank. The focus is on cash flow-based company analysis. The system can process annual financial statements of all common accounting standards (e.g .: HGB , IFRS , US GAAP ). BARS is the only one of these systems that is freely available. The application is distributed by S&N AG.
Geno-FBS
The cooperative financial advisory system is used by a large number of Volksbanks and Raiffeisenbanks . It supports the evaluation types short and standard as well as an early warning system. The focus is on financial statements in accordance with the German Commercial Code for medium-sized companies. The system enables an anonymous industry comparison of the entire portfolio of all connected Volksbanks and Raiffeisenbanks.
literature
- Claus Meyer: Customers - Balance Sheet - Analysis of Credit Institutions, Schäffer Poeschel, Stuttgart 2000, ISBN 3-7910-1555-9