The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
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Deutsche Kreditbank AG (DKB) was founded in 1990 and has been a part of the BayernLB Group since<br />
1995. Headquartered in Berlin, the company reported total assets of EUR 54.5 bn in fiscal 2010. <strong>The</strong> bank<br />
focuses on target groups from selected sectors such as housing and agriculture. DKB offers these customers,<br />
inter alia, tailor-made financing solutions in the PPP (Public Private Partnership) segment and renewable<br />
energies. For many years now, DKB has also seen significant growth in retail customer business,<br />
operating nationwide as an online bank in this field. Today, more than two million customers take advantage<br />
of DKB’s accounts and financing products.<br />
On the funding side, the bank has for many years been an active issuer in the capital markets. A milestone<br />
was its inaugural Public <strong>Pfandbrief</strong> Jumbo issued in 2006 with a volume of EUR 1 bn. Since then, the bank<br />
has issued Triple-A rated Public <strong>Pfandbrief</strong>e and steadily increased the volume outstanding to about EUR<br />
3.7 bn as at December 31, 2010. Since July 2009, DKB has also issued Triple-A rated mortgage-backed<br />
<strong>Pfandbrief</strong>e of which EUR 2.3 bn were outstanding as per year-end 2010.<br />
Rating: Public <strong>Pfandbrief</strong>e Mortgage-backed <strong>Pfandbrief</strong>e<br />
Moody‘s Aaa Aaa<br />
Selected key figures*<br />
2010<br />
€ million<br />
2009<br />
€ million<br />
Total assets<br />
54,528<br />
50,857<br />
Mortgage loan portfolio<br />
32,199<br />
31,686<br />
Residential loans<br />
27,268<br />
27,442<br />
Mortgage loan commitments<br />
3,179<br />
1,978<br />
102<br />
Residential loans<br />
Public-sector loan portfolio<br />
2,265<br />
9,668<br />
1,600<br />
7,357<br />
of which cross-border<br />
–<br />
–<br />
Public-sector loan commitments<br />
3,842<br />
1,621<br />
of which cross-border<br />
–<br />
–<br />
Total funds outstanding (registered and bearer bonds)<br />
Mortgage <strong>Pfandbrief</strong>e<br />
2,275<br />
1,219<br />
Public <strong>Pfandbrief</strong>e<br />
3,705<br />
3,905<br />
Unsecured bonds<br />
1,026<br />
1,024<br />
Jumbo issues outstanding<br />
1,000<br />
1,000<br />
Refinancing funds raised<br />
Mortgage <strong>Pfandbrief</strong>e<br />
1,057<br />
1,219<br />
Public <strong>Pfandbrief</strong>e<br />
506<br />
370<br />
Unsecured bonds<br />
0<br />
0<br />
Promissory notes<br />
0<br />
0<br />
Own funds as shown in the balance sheet – total –<br />
Core capital (without net income)<br />
1,855<br />
1,785<br />
Profit-sharing capital<br />
18<br />
18<br />
Subordinated liabilities<br />
513<br />
391<br />
Net interest income<br />
512<br />
520<br />
Administrative expenditure<br />
252<br />
235<br />
Operating result before provisions for risks<br />
208<br />
198<br />
Provisions for risks<br />
146<br />
68<br />
Operating result after provisions for risks<br />
62<br />
130<br />
Income for the year before profit transfer<br />
63<br />
126<br />
*all values based on the individual account to HGB<br />
Presence in electronic media: www.dkb.de<br />
Contacts:<br />
Thomas Pönisch Tel.: +49 30 20155-893 thomas.poenisch@dkb.de<br />
Andreas Kohn Tel.: +49 30 20155-278 andreas.kohn@dkb.de<br />
Fax: +49 30 20155-767
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