The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
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ING-DiBa with its more than 7 million private customers is the largest direct bank in Germany. It offers<br />
its customers a wide range of products and services. <strong>The</strong> core business is savings, mortgages, brokerage,<br />
consumer loans and current accounts for private individuals. <strong>The</strong> business model focuses on few and<br />
transparent products with low costs and a high cost efficiency. ING-DiBa is available for its customers<br />
7 days a week, 24 hours a day. <strong>The</strong> German business magazine “Euro” awarded ING-DiBa the title<br />
Germany’s “Beliebteste Bank <strong>2011</strong>” (most popular bank). ING-DiBa was granted the licence to issue<br />
mortgage <strong>Pfandbrief</strong>e from the German financial services authority BaFin in 2010.<br />
On 31st May <strong>2011</strong> a programme for the issuance of mortgage <strong>Pfandbrief</strong>e has been launched, out of<br />
which ING-DiBa will issue its <strong>Pfandbrief</strong>e. Starting the <strong>Pfandbrief</strong> business is the next milestone in the<br />
development of ING-DiBa and reflects its position as a large mortgage financer in Germany. <strong>The</strong> cover<br />
pool for the time being consists of German residential mortgage loans exclusively. Mortgage <strong>Pfandbrief</strong>e<br />
are a further diversification of ING-DiBa‘s funding mix. <strong>The</strong> issuer is incorporated as a stock corporation<br />
(Aktiengesellschaft) under the laws of the Federal Republic of Germany.<br />
Rating: Mortgage Short-term Long-term Financial<br />
<strong>Pfandbrief</strong>e liabilities liabilities strength<br />
Moody‘s Aaa P-1 Aa3 C+<br />
Selected key figures<br />
2010<br />
€ million<br />
2009<br />
€ million<br />
Balance-sheet total<br />
96,333<br />
87,753<br />
Equity as shown in balance sheet<br />
4,831<br />
4,499<br />
122<br />
Core capital ratio (%)<br />
Net interest income<br />
21.10<br />
1,128<br />
21.68<br />
815<br />
Addition to loan loss provisions<br />
127<br />
98<br />
Net fee and commission income<br />
43<br />
46<br />
Total expenses<br />
670<br />
600<br />
Profit before tax<br />
494<br />
280<br />
Profit after tax<br />
345<br />
202<br />
Contacts:<br />
Wolf Müller Head of Treasury Tel.: +49 69 27222-69151 Wolf.Mueller@ing-diba.de<br />
Dieter Schreiner Liquidity Management / Funding Tel.: +49 69 27222-69159 D.Schreiner@ing-diba.de<br />
Alexandra Bayer Investor & Rating Agency Relations Tel.: +49 69 27222-69304 A.Bayer@ing-diba.de<br />
Ulrich Ott Head of Corporate Communications Tel.: +49 69 27222-66233 U.Ott@ing-diba.de
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