The Pfandbrief 2011 | 2012

VALOVIS BANK AG, together with its subsidiaries Valovis Commercial Bank AG and Universum Inkasso
GmbH, is your reliable partner in financial matters. On 1 April 2009 the VALOVIS BANK AG carried out
a one-hundred percent takeover of the Valovis Commercial Bank AG and the Universum Inkasso GmbH.
The sole owner of our Company Group is the KarstadtQuelle Mitarbeitertrust e.V. With the incorporation
of the Valovis Commercial Bank AG an expansion of the VALOVIS Group into the area of retail banking
has taken place. Alongside the original business areas of real estate financing and consumer factoring
there is now the area of consumer finance, with a special focus on the credit card business. As a result
the VALOVIS Group is well positioned for the future as an independent financial service provider.
Selected key figures (IFRS)
2010
€ million
2009
€ million
Total assets
5,003
5,198
Mortgage loan portfolio
1,717
1,785
Residential loans
137
456
Commercial loans
1,580
1,329
of which cross-border
0
0
Mortgage loan commitments
123
137
Residential loans
10
43
Commercial loans
113
94
of which cross-border
0
0
Public-sector loan portfolio
0
0
146
of which cross-border
Public-sector loan commitments
0
0
0
0
of which cross-border
0
0
Total funds outstanding (registered and bearer bonds)
0
0
Mortgage Pfandbriefe
0
0
Public Pfandbriefe
0
0
Unsecured bonds
0
0
Jumbo issues outstanding
0
0
Refinancing funds raised
2,007
2,185
Mortgage Pfandbriefe
1,229
1,259
Public Pfandbriefe
0
51
Unsecured bonds
0
0
Promissory notes
778
875
Own funds as shown in the balance sheet – total –
Core capital (without net income)
277
245
Profit-sharing capital
0
0
Subordinated liabilities
0
0
Net interest income
51
26
Administrative expenditure
80
69
Operating result before provision for risks
-49
64
Provision for risks
-20
-31
Operating result after provision for risks
-69
33
Income for the year
-51
37