Million loan (large-scale credit)

Very large loans granted by a credit institution to a single borrower or to a contiguous borrower unit. Such loans are subject to special supervision by the supervisory authorities. – Germany has had its own “Grosskredit- und Millionenkreditverordnung, (GroMIKV)” (Large Loans and Million Loans Ordinance) in force since 1997, which defines in detail how large loans are calculated. – See counterparty risk, evidence center working group, evidence center, Gini coefficient, granularity, large exposures, Herfindahl-Hirschman index, Klumprisiko, counterparty risk, concentration risk, credit event, credit insurance, solvency risk, value-at-risk. – Cf. Deutsche Bundesbank Monthly Report of October 2002, p. 22 ff., BaFin Annual Report 2002, p. 54,
BaFin Annual Report 2006, p. 116 (entry into force of GroMIKV; dovetailing with SolvV; risk calculation), BaFin Annual Report 2009, p. 158 (million loan reports to BaFin permitted from the beginning of 2010 on the basis of present value instead of book value), BaFin Annual Report 2010, p. 141 (new “concept” [German would have to be learned!] of reporting million loans in preparation) and the respective BaFin Annual Report, chapter “Supervision of Banks, Financial Service Providers and Payment Institutions,” Deutsche Bundesbank Monthly Report of June 2006, pp. 39 f. (counterparty concentration risks), Deutsche Bundesbank’s 2006 Annual Report, p. 95 (new version of the GroMIKV), Deutsche Bundesbank’s 2009 Annual Report, p. 105 (disaggregated statistics of million loans 2001-2009), Deutsche Bundesbank’s 2012 Annual Report, p. 103 (statistics 2006 to 2012), and the respective annual report of the Deutsche Bundesbank because of the update, Deutsche Bundesbank’s Monthly Report of June 2013, p. 72 (amendment of the Regulation on Large Loans and Million Loans).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
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