The Pfandbrief 2011 | 2012

Dexia Kommunalbank Deutschland AG (“Dexia Deutschland”) is fully owned by Dexia Crédit Local, one of
the main entities of the Dexia-Group. Dexia Deutschland was established in 1991 in Berlin as a Pfandbrief
bank specialising in public-sector lending. The business focus is on lending to German municipalities and
to the public sector in other European countries, mainly in France and Belgium.
Origination of new business is based on two channels: self-originated business with German municipalities
and Dexia Group originated business mainly in its franchise markets Belgium and France. Dexia Deutschland’s
main funding instrument is the Public Pfandbrief. In recent years, Dexia Deutschland has been leading
the market for Public Pfandbriefe in terms of issuing volumes and a regular issuer of benchmark Pfandbriefe.
Dexia Deutschland’s special expertise includes:
— more than 20 years of experience and know-how in servicing German municipalities,
— Analysis, assessment and management of public-sector credits,
— Management of cover pool to ensure AAA-quality of Public Pfandbriefe,
— Preservation of low cost base and operational excellence.
Rating:
Standard & Poor‘s
Public Pfandbriefe
AAA
Selected key figures
2010
€ million
2009
€ million
110
Total assets
Mortgage loan portfolio
Mortgage loan commitments
Public-sector loan portfolio
Public-sector loan commitments
Total funds outstanding (registered and bearer bonds)
Mortgage Pfandbriefe
Public Pfandbriefe
Unsecured bonds
Promissory notes
Jumbo issues outstanding
Refinancing funds raised
Mortgage Pfandbriefe
Public Pfandbriefe
Unsecured bonds
Promissory notes
Own funds as shown in the balance sheet – total –
Core capital (without net income)
Profit-sharing capital
Subordinated liabilities
Net interest income
Administrative expenditure
Operating result before provisions for risks
Provisions for risks
Operating result after provisions for risks
Income for the year
48,694.6
0.0
0.0
43,900.0
2,633.9
0.0
34,337.3
30.0
1,781.7
8,690.0
6,459.7
0.0
6,347.7
10.0
102.0
531.1
142.3
106.0
41.5
18.2
23.1
18.5
4.6
0.8
47,291.0
0.0
0.0
42,683.0
3,446.0
0.0
34,571.0
50.0
1,927.0
7,690.0
6,115.0
0.0
6,040.0
20.0
55.0
331.0
142.0
127.0
45.0
19.0
25.0
20.0
5.0
0.6
Presence in electronic media: Reuters: DEXIA01-04, Bloomberg: DEXH, Internet: www.dexia.de
Treasury:
Patrik Krämer (Head of Treasury) Tel.: +49 30 25598-303
Christoph Schulte-Kemper Tel.: +49 30 25598-304
Janina Groschupp Tel.: +49 30 25598-305
Anett Krause Tel.: +49 30 25598-306
Steffen Stachna Tel.: +49 30 25598-308
Telefax: +49 30 25598 340
E-Mail: boerse@dexia.de