The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
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Deutsche Schiffsbank unifies the highest level of expertise in maritime financing worldwide as well as<br />
the traditional strengths of Deutsche Schiffsbank, Commerzbank und Dresdner Bank. <strong>The</strong> main focus<br />
of Deutsche Schiffsbank, which was founded in 1918, are long-term mortgage loans in ship finance and<br />
public-sector loans, which serve as cover for the Bank’s Ship <strong>Pfandbrief</strong>e and Public <strong>Pfandbrief</strong>e respectively.<br />
Its extensive international operations, representative offices in London and Athens as well as the<br />
availability through Commerzbank’s Singapore Branch make Deutsche Schiffsbank one of the world’s<br />
leading banking partners for the maritime industry.<br />
<strong>The</strong> mostly long-term ship loans are granted predominantly in US-Dollars and are generally secured by<br />
first-ranking ship mortgages which are entered as collateral in the relevant ship register. Commerzbank<br />
intends to merge Deutsche Schiffsbank into Commerzbank AG.<br />
Rating: Long-term Short-term Financial<br />
liabilities liabilities strength<br />
Moody‘s A3 P-2 D<br />
Selected key figures<br />
2010<br />
€ million<br />
2009<br />
€ million<br />
108<br />
Total assets<br />
Ship mortgage loan portfolio<br />
Ship mortgage loan advances 1)<br />
Public-sector loan portfolio<br />
Public-sector loan advances 1)<br />
Total funds outstanding (registered and bearer bonds)<br />
Mortgage <strong>Pfandbrief</strong>e<br />
Public <strong>Pfandbrief</strong>e<br />
Unsecured bonds<br />
Promissory notes<br />
Jumbo issues outstanding<br />
Refinancing funds raised (sales of newly issued bonds)<br />
Ship <strong>Pfandbrief</strong>e<br />
Public <strong>Pfandbrief</strong>e<br />
Unsecured bonds<br />
Promissory notes<br />
Own funds as shown in the balance sheet – total –<br />
Core capital (without net income/incl. general bank risk reserve)<br />
Profit-sharing capital<br />
Subordinated liabilities<br />
Net interest and commission income<br />
Administrative expenditure<br />
Operating result before provisions for risks<br />
Provisions for risks<br />
Operating result after provisions for risks<br />
Income for the year<br />
15,742<br />
11,577<br />
1,650<br />
1,111<br />
0<br />
11,676<br />
4,527<br />
1,439<br />
667<br />
5,043<br />
0<br />
1,773<br />
1,245<br />
0<br />
83<br />
178<br />
1,427<br />
995<br />
170<br />
262<br />
191<br />
28<br />
170.9<br />
165.3<br />
5.6<br />
0<br />
16,311<br />
11,287<br />
1,989<br />
1,246<br />
50<br />
10,982<br />
4,674<br />
1,472<br />
843<br />
3,993<br />
0<br />
4,457<br />
1,033 2)<br />
0<br />
265<br />
3,159<br />
1,432<br />
995<br />
170<br />
267<br />
160<br />
30<br />
133<br />
109.5<br />
23.5<br />
0<br />
1)<br />
pay-outs<br />
2)<br />
whereof € 1 billion own holdings<br />
Contacts:<br />
Head of Treasury: Jeremy D. Scott Tel.: +49 421 3609-204<br />
Capital Markets: Thorsten Eggers Tel.: +49 421 3609-213<br />
Reinhard Girke Tel.: +49 421 3609-253<br />
Money Markets/ Foreign Exchange: Gabriele Vollmer Tel.: +49 421 3609-259<br />
Money Markets/ Foreign Exchange<br />
and Asset and Liabilities Management: Patrick Elvers Tel.: +49 421 3609-341<br />
Corporate Sales: Bernd Holtmann Tel.: +49 421 3609-346<br />
Andreas Wetzk Tel.: +49 421 3609-354<br />
Fax: +49 421 3609-265<br />
E-Mail: refinanz@schiffsbank.com
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