Depfa is for sale: Legacy of the financial crisis

The FMS value management, the institution in 2010 as a settlement (“Bad Bank“) of the Bank Hypo Real Estate, reached in the financial crisis, notoriety, was fou

Depfa is for sale: Legacy of the financial crisis

The FMS value management, the institution in 2010 as a settlement (“Bad Bank“) of the Bank Hypo Real Estate, reached in the financial crisis, notoriety, was founded, the Depfa Bank for sale. Depfa (originally German pfandbrief Institute) was taken over in 2007 by Hypo Real Estate, and had contributed much to their downfall, because they had invested heavily in American mortgage-backed securities.

Martin Hock

editor in the economy.

F. A. Z.

The Irish-based Depfa is primarily designed as a state financier. The FMS had reduced following the Acquisition of Depfa in the year 2014 the balance sheet total of 48.5 billion euros to 8.9 billion at year-end 2019. The Portfolio Mainly consists of loans and government bonds of West European borrowers, especially in Germany. The so-called CET1 ratio is 152,3 percent.

All Overseas-resolved branches have been closed, currently, all of the other "strategic" locations. The Bank had 111 employees. Offers can 3 to of the. August will be submitted to the Advisory Barclays Bank.

Updated Date: 14 July 2020, 13:19

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