SoFFin
Aareal Bank AG
Aareal Bank triples profit, clinches deal for WestImmo
The Wiesbaden-based Aareal Bank’s press conferences are always well-managed; they have the added advantage that veteran CEO Dr. Wolf Schumacher invariably recaps the more extended analysis of the minutiae of the company’s annual performance and... Read more
Aareal Bank AG
Aareal Bank clears final debts with SoFFin
The Wiesbaden-based property financing bank Aareal Bank last week repaid the final remaining €300m of the silent participation provided by Germany’s bank bailout fund SoFFin, nearly six months ahead of its contractual repayment date of March 31st... Read more
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Resurgence in M&A market helps Lone Star shed DüssHyp
US private equity investor Lone Star has sold its second German real estate financing bank, Düsseldorfer Hypothekenbank (DüssHyp) to a consortium for an undisclosed price. The deal follows on the heels of its sale of Corealcredit Bank in Frankfurt... Read more
Aareal Bank AG
Aareal Bank resumes dividend payout, boosts new business
The Wiesbaden based property financier Aareal Bank is resuming its dividend payment to shareholders after a five-year hiatus, during which it was first prevented by the bailout bank SoFFin from paying dividends due to its ‘silent participation’... Read more
FMS Wertmanagement / REFIRE
Germany decides against sale of Depfa, opts for unwinding
After nearly five years of looking for a suitable buyer for Depfa Bank, the Dublin-based public-sector financing subsidiary of bailed-out lender Hypo Real Estate (HRE), Germany’s bank bailout fund Soffin took the decision to wind down Depfa rather... Read more
German bank bailout fund SoFFin returns to profit
For the first time since its establishment in 2008 as a rescue fund for Germany’s banks dragged down by the collapse of the subprime debt market, the bailout fund SoFFin booked a profit in 2012, after writing back €1.39bn on loss provisions for... Read more