Английская Википедия:Düsseldorfer Hypothekenbank

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Шаблон:Short description Шаблон:Infobox company The Düsseldorfer Hypothekenbank AG, also known as DüssHyp, is a mortgage bank based in Düsseldorf that specializes in government and real estate financing.[1] (Until the mortgage bank law was abrogated, this term referred to a private law credit institution granting long-term loans secured by mortgages and loans to public authorities.) Refinancing takes place through issuing bonds via the capital market.[2]

The bank specializes in commercial real estate financing. It only engages in direct business to a limited extent; the focus is on syndicate business.

History

The institute was founded by the entrepreneur de:Wolfgang Schuppli . As a consequence of the world-wide financial crisis in 2007, it was necessary for the deposit guarantee fund (de:Einlagensicherungsfonds) of the Federal Association of German Banks (BdB) to take over the shares in 2008. It sold them in 2010 to LSF5 German Investments II, L.P. in Delaware, USA (94%) and to LSF5 Riverside Ltd. & Co KG in Frankfurt, Germany (6%)[3] companies belonging to the Lone Star Group.[4] This group was also a shareholder of the Corealcredit Bank. Schuppli later sued the BdB and other defendants for approx. 500 million in damages because the sale came only through threat and coercion.[5] The charge was dismissed in the first instance. The balance sheet total decreased to € 11 billion as of 30 June 2013 compared to the end of the previous year.[6] The accumulated loss amounted to € 516.4 million in mid-2013; This result was essentially based on the loss carryforward, thus largely coming from the result of earlier financial years. In December 2013, with the maturity of a bond issued by the Düsseldorfer Hypothekenbank of 1.1 billion, the last remaining liquidity guarantee of the SoFFin was repaid.[7]

The Lone Star Group - allegedly - sold their shares to the MainFirst founder Patrick Bettscheider and the British investment company Attestor Capital.[8] However, it became known in March 2015 that the Düsseldorfer Hypothekenbank once again faced bank failure in the wake of the Hypo Alpe Adria crisis, implying that the ownership status was unclear.[9]

On 15 March 2015, the Federal Association of German Banks announced that the private-sector deposit guarantee fund provided a guarantee for the so-called Heta bonds in order to eliminate the acute risks. The aim is to take over the bank through the Deposit Guarantee Fund.[10] According to its 2017 Annual Report, an investment company of the Deposit Guarantee Fund is the sole shareholder.[11]

The Bank is a member of the Association of German Banks (de: Bundesverband deutscher Banken )and the Verband deutscher Pfandbriefbanken'.[12]

Key figures

Reference number 2016[13] 2015[14] 2014[15] 2013
New real estate business (EUR million) 0 162 712 494
Real estate loans portfolio (EUR million) 1.033 1.405 1.213 1.093
Capital markets (portfolio) (EUR million) 4.478 5.445 8.445 9.462
Earnings after taxes (EUR million) −94,0 −40,7 −42,0 −59,6
Core capital ratio 13,1 % 10,5 % 10,8 % 13,2 %

References

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External links

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