The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
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Westdeutsche ImmobilienBank AG (WestImmo) is a bank specialized in commercial real estate financing and<br />
structured real estate transactions.<br />
It is one of the leading real estate financiers in Germany and maintains a strong presence in the western, central<br />
and eastern European markets as well as in North America and Japan.<br />
WestImmo supports national and international investors who invest in their local markets and abroad. Its customers<br />
particularly include institutional investors, real estate companies, real estate corporates and small and<br />
medium-sized companies. <strong>The</strong> bank finances office, commercial and residential property as well as shopping<br />
centres, hotels, logistics facilities and public buildings.<br />
<strong>The</strong> product portfolio of WestImmo comprises an individualised and innovative range of products and services.<br />
It is continually proving this with its property and project financing, real estate structured finance, portfolio<br />
financing.<br />
As an issuer of <strong>Pfandbrief</strong> and debentures, WestImmo stands for stability and reliability. WestImmo’s <strong>Pfandbrief</strong>e<br />
have been given the top AAA score by ratings agency Standard & Poor’s (S&P). WestImmo is a fully-owned subsidiary<br />
of WestLB AG. In addition to the headquarters in Mainz, the company also has offices in Berlin, Düsseldorf,<br />
Hamburg, Munich and Münster and is represented in London, Madrid, New York, Paris, Prague, Tokyo<br />
and Warsaw.<br />
Rating: Mortgage Public Short-term Long-term<br />
<strong>Pfandbrief</strong>e <strong>Pfandbrief</strong>e liabilities liabilities<br />
Standard & Poor’s AAA AAA A-2 BBB+<br />
Selected key figures<br />
2010<br />
€ million<br />
2009<br />
€ million<br />
Total assets<br />
25,888<br />
26,890<br />
148<br />
Mortgage loan portfolio<br />
of which cross-border<br />
18,288<br />
10,752<br />
19,400<br />
10,503<br />
Mortgage loan commitments<br />
3,316<br />
6,215<br />
of which cross-border<br />
2,597<br />
4,582<br />
Public-sector loan portfolio 1)<br />
1,542<br />
1,569<br />
of which cross-border<br />
Public-sector loan commitments<br />
of which cross-border<br />
Total funds outstanding (registered and bearer bonds)<br />
18,202<br />
18,918<br />
Mortgage <strong>Pfandbrief</strong>e<br />
8,634<br />
7,799<br />
Public <strong>Pfandbrief</strong>e<br />
1.939<br />
2,458<br />
Other funding (unsecured bonds/promissory notes)<br />
7.629<br />
8,660<br />
Jumbo issues outstanding<br />
0<br />
0<br />
Refinancing funds raised<br />
2,305<br />
4,277<br />
Mortgage <strong>Pfandbrief</strong>e<br />
1,680<br />
2,839<br />
Public <strong>Pfandbrief</strong>e<br />
0<br />
75<br />
Unsecured bonds<br />
505<br />
548<br />
Promissory notes<br />
120<br />
815<br />
Own funds as shown in the balance sheet – total –<br />
Core capital (without net income)<br />
760<br />
823<br />
Profit-sharing capital<br />
226<br />
236<br />
Subordinated liabilities<br />
235<br />
241<br />
Net interest income 2)<br />
239<br />
218<br />
Administrative expenditure<br />
89<br />
93<br />
Operating result before provision for risks<br />
167<br />
151<br />
Provision for risks<br />
68<br />
65<br />
Operating result after provision for risks<br />
99<br />
85<br />
Income for the year<br />
95<br />
83<br />
1)<br />
without bonds<br />
2)<br />
P&L figures including IFRS 5 aspects<br />
Presence in electronic media: Reuters, Bloomberg<br />
Treasury:<br />
Tobias Ilgen, Head of Treasury Tel.: +49 6131 9280-7360 tobias.ilgen@westimmo.com<br />
Natalie Adam Tel.: +49 6131 9280-7368 natalie.adam@westimmo.com<br />
Maik Römer Tel.: +49 6131 9280-7362 maik.roemer@westimmo.com<br />
Thomas Seckler Tel.: +49 6131 9280-7366 thomas.seckler@westimmo.com<br />
Birgitt Duckgeischel Tel.: +49 6131 9280-7369 birgitt.duckgeischel@westimmo.com<br />
Manfred Thaler Tel.: +49 6131 9280-7363 manfred.thaler@westimmo.com<br />
Björn Siggemann Tel.: +49 6131 9280-7364 bjoern.siggemann@westimmo.com
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