The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
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Dexia Kommunalbank Deutschland AG (“Dexia Deutschland”) is fully owned by Dexia Crédit Local, one of<br />
the main entities of the Dexia-Group. Dexia Deutschland was established in 1991 in Berlin as a <strong>Pfandbrief</strong><br />
bank specialising in public-sector lending. <strong>The</strong> business focus is on lending to German municipalities and<br />
to the public sector in other European countries, mainly in France and Belgium.<br />
Origination of new business is based on two channels: self-originated business with German municipalities<br />
and Dexia Group originated business mainly in its franchise markets Belgium and France. Dexia Deutschland’s<br />
main funding instrument is the Public <strong>Pfandbrief</strong>. In recent years, Dexia Deutschland has been leading<br />
the market for Public <strong>Pfandbrief</strong>e in terms of issuing volumes and a regular issuer of benchmark <strong>Pfandbrief</strong>e.<br />
Dexia Deutschland’s special expertise includes:<br />
— more than 20 years of experience and know-how in servicing German municipalities,<br />
— Analysis, assessment and management of public-sector credits,<br />
— Management of cover pool to ensure AAA-quality of Public <strong>Pfandbrief</strong>e,<br />
— Preservation of low cost base and operational excellence.<br />
Rating:<br />
Standard & Poor‘s<br />
Public <strong>Pfandbrief</strong>e<br />
AAA<br />
Selected key figures<br />
2010<br />
€ million<br />
2009<br />
€ million<br />
110<br />
Total assets<br />
Mortgage loan portfolio<br />
Mortgage loan commitments<br />
Public-sector loan portfolio<br />
Public-sector loan commitments<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<br />
Mortgage <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)<br />
Profit-sharing capital<br />
Subordinated liabilities<br />
Net interest 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 />
48,694.6<br />
0.0<br />
0.0<br />
43,900.0<br />
2,633.9<br />
0.0<br />
34,337.3<br />
30.0<br />
1,781.7<br />
8,690.0<br />
6,459.7<br />
0.0<br />
6,347.7<br />
10.0<br />
102.0<br />
531.1<br />
142.3<br />
106.0<br />
41.5<br />
18.2<br />
23.1<br />
18.5<br />
4.6<br />
0.8<br />
47,291.0<br />
0.0<br />
0.0<br />
42,683.0<br />
3,446.0<br />
0.0<br />
34,571.0<br />
50.0<br />
1,927.0<br />
7,690.0<br />
6,115.0<br />
0.0<br />
6,040.0<br />
20.0<br />
55.0<br />
331.0<br />
142.0<br />
127.0<br />
45.0<br />
19.0<br />
25.0<br />
20.0<br />
5.0<br />
0.6<br />
Presence in electronic media: Reuters: DEXIA01-04, Bloomberg: DEXH, Internet: www.dexia.de<br />
Treasury:<br />
Patrik Krämer (Head of Treasury) Tel.: +49 30 25598-303<br />
Christoph Schulte-Kemper Tel.: +49 30 25598-304<br />
Janina Groschupp Tel.: +49 30 25598-305<br />
Anett Krause Tel.: +49 30 25598-306<br />
Steffen Stachna Tel.: +49 30 25598-308<br />
Telefax: +49 30 25598 340<br />
E-Mail: boerse@dexia.de