Pfandbrief

DGAP-News: Frankfurt/Main Higher Regional Court appoints Holger Giese, Friedrich Munsberg and Dr Ulrich Theileis to the Supervisory Board of Aareal Bank

Retrieved on: 
Friday, January 14, 2022 - 3:06pm

Frankfurt/Main Higher Regional Court appoints Holger Giese, Friedrich Munsberg and Dr Ulrich Theileis to the Supervisory Board of Aareal Bank

Key Points: 
  • Frankfurt/Main Higher Regional Court appoints Holger Giese, Friedrich Munsberg and Dr Ulrich Theileis to the Supervisory Board of Aareal Bank
    The issuer is solely responsible for the content of this announcement.
  • Frankfurt/Main Higher Regional Court appoints Holger Giese, Friedrich Munsberg and Dr Ulrich Theileis to the Supervisory Board of Aareal Bank
    - Prof. Dr Hermann Wagner: "We welcome the decision taken by the Higher Regional Court.
  • Wiesbaden, 14 January 2022 - With a binding decision, the Frankfurt/Main Higher Regional Court approved the application submitted by Aareal Bank to appoint Messrs Holger Giese, Friedrich Munsberg and Dr Ulrich Theileis as members of Aareal Bank's Supervisory Board, with immediate effect.
  • Prof. Dr Hermann Wagner, the Chairman of the Supervisory Board of Aareal Bank AG, commented: "We welcome the decision taken by the Higher Regional Court.

DGAP-News: Erste Abwicklungsanstalt: EAA CBB - European Central Bank approves return of full banking licence

Retrieved on: 
Wednesday, March 17, 2021 - 1:08pm

The EAA subsidiary Covered Bond Bank Plc (since 15 March 2021 Erste EAA Ireland Plc) was notified by the European Central Bank on 11 March 2021 that its full banking licence and its licence as a so-called designated credit institution - comparable to a Pfandbrief banking licence - would be revoked effective 12 March 2021 in accordance with its application.

Key Points: 
  • The EAA subsidiary Covered Bond Bank Plc (since 15 March 2021 Erste EAA Ireland Plc) was notified by the European Central Bank on 11 March 2021 that its full banking licence and its licence as a so-called designated credit institution - comparable to a Pfandbrief banking licence - would be revoked effective 12 March 2021 in accordance with its application.
  • "This is an important milestone for the wind-up of the company," says Christian Doppstadt, the EAA Board member responsible.
  • The remaining portfolio of EAA Covered Bond Bank had already been transferred to the EAA last year in anticipation of the return of the banking licence.
  • Since 2009/2010, the EAA has been winding down the assets of the former WestLB with a view to minimising losses.

Benoît Cœuré: Interview with the Association of German Pfandbrief Banks

Retrieved on: 
Thursday, May 9, 2019 - 12:10am

Interview with the Association of German Pfandbrief Banks

Key Points: 
  • Interview with the Association of German Pfandbrief Banks

    Interview with Benot Cur, Member of the Executive Board of the ECB, published on 8 May 2019

    In what context did you first come across Pfandbriefe?

  • Thats when I first came across Pfandbriefe as an important building block of Europes fixed income market.
  • The covered bond purchase programme, for example, has lowered banks funding costs directly and thereby encouraged banks to extend more credit to firms and households at more attractive levels.
  • The ECB also sees merit in the proposed directive serving as a basis for new national legislation on covered bonds.