Press release 18 October 2007

Hamburg, 18 October 2007 – Opportunities and risks inherent in the international networking of financial markets, and the current credit crisis and its consequences for Europe were the focus of the 4th International EOS Congress on 17 and 18 October at the Hotel Concorde in Berlin.

‘The more abstract financial services become, the more acutely borrowers feel the negative consequences of a credit crisis,’ said Hans-Werner Scherer, Chairman of the Board of Directors of the EOS Group, in his opening address, criticizing the increasing lack of transparency in the financial sector. In his speech on ‘Changing values’, TV moderator and keynote speaker Ulrich Wickert called on businesses not to think and act according to purely economic considerations, but to define and take into account ethical aspects as well.

In their presentations on receivables, cash flow and information management, international financial experts referred to current developments in the credit sector. Using numerous practical examples, the speakers examined structures of efficient risk management in small and medium-sized enterprises (SMEs) and took a close look at receivables management – often with a focus on Eastern Europe.

The internationalization of financial markets was also reflected in the spread of participants: overall, around 140 people from 18 countries around the globe attended the EOS Congress – more than ever before. ‘The new ideas generated by exchanging views and experiences with international colleagues and academic experts deliver great value added for our company,’ says participant Karl-Heinz Reisach of Münchener Hypothekenbank eG.

The EOS Group
With around 3100 employees in 19 countries, KG EOS Holding GmbH & Co, an Otto Group company, is one of the leading financial services undertakings in Europe. The 35 operating companies in the Group are active in the Information Management, Arrears Management and Receivables Management business units and look after some 20,000 clients around the world – from banks and insurance companies, through manufacturing industry and the mail order segment, right up to public utilities, telecommunications firms and IT companies..

Contakt:
Lara Flemming
Public Relations EOS Holding
Tel.: +49 40 2850-1560
E-mail: l.flemming@yXdZasMZdseos-solutions.com

Kontakt Presseanfragen
André Bense
das AMT GmbH
Tel.: +49 40 389073-80
E-mail: bense@yXdZasMZdsdas-amt.net