Geschäftsbericht 2008 - NordFinanz Bank AG

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NordFinanz Bank Aktiengesellschaft, Bremen
Group Management Report for the 2008 Fiscal Year
Statement on Dependency Report
Pursuant to Section 17 of the German Stock Corpo-
ration Act, the Bank was dependent on its share-
holder E-Clear (UK) PLC, London, up to October 10,
2008. The Management Board has prepared a report
as specified in Section 312 of the German Stock
Corporation Act to describe the Bank’s relationships
with affiliated companies. The report closes with the
following statement:
“According to the circumstances known to us at the
time the transactions were conducted, the Bank has
received adequate consideration in each transaction
listed in the Report on Relationships with Affiliated
Companies. No action has been taken at the behest
or in the interest of any affiliated companies.”
Subsequent events
In connection with the adjustment items stipulated
by BaFin as described in the section entitled “Equity
Capital”, the shareholder of the parent company
furnished additional collateral of up to a nominal K€
3,000 to cover the outstanding receivables.
In due consideration of the capital tied up, BaFin
enacted measures against the Bank in July 2009
pursuant to Section 46 (1) of the German Banking
Act for the duration of the associated, inadequate
capital resources.
Bremen, September 21, 2009
The Management Board
Jörn-Michael Gauss Hans-Jörg Kern
EINDEUTIGKEIT
UNIQUENESS
Nur das Eindeutige ist verlässlich. Wer sein
wahres Gesicht zeigt, hat zumeist vorher ein
anderes zur Schau gestellt – und ist nicht länger
vertrauenswürdig.
Only the unique is reliable. Who shows his real
face has probably displayed something different
before – and is no longer trustworthy.
Vertrauensvolle Zusammenarbeit verträgt keine
Zweigesichtigkeit. Nur der klare Blick überzeugt,
nur die eindeutige Perspektive ist sicher. Wie sieht
man sich am besten? Aus nächster Nähe. Wie
bleibt man sich treu? Aus Überzeugung.
Trustworthy cooperation cannot bear ambiguity.
Only the clear view persuades, only the explicit
perspective is save. How to see oneself best? From
short distance. How to remain true to oneself?
From conviction.