The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
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Westdeutsche ImmobilienBank AG<br />
Grosse Bleiche 46<br />
55116 Mainz<br />
Telephone: +49 6131 9280-7300<br />
Telefax: +49 6131 9280-7200<br />
Internet: www.westimmo.com<br />
Shareholder:<br />
WestLB AG (100%)<br />
Public-sector cover pool<br />
Dec. 31, 2009<br />
€ million in %<br />
Dec. 31, 2008<br />
€ million<br />
Nominal volume 1)<br />
by ratings 2)<br />
AAA/Aaa/AAA<br />
AA/Aa/AA<br />
A/A/A<br />
BBB/Baa/BBB<br />
BB/Ba/BB<br />
without rating<br />
by borrowers<br />
German Federal Government<br />
Federal states (Länder)<br />
Local authorities<br />
Public-sector financial institutions<br />
Others<br />
Other countries<br />
of which: EU<br />
Further cover assets 3) nominal<br />
of which: other countries (EU)<br />
Over-collateralization nominal<br />
net present value<br />
risk adjusted net present value 4)<br />
2,173<br />
147<br />
362<br />
72<br />
50<br />
30<br />
1,512<br />
438<br />
1,044<br />
241<br />
370<br />
80<br />
80<br />
89<br />
40<br />
322<br />
390<br />
357<br />
100.0<br />
6.8<br />
16.6<br />
3.3<br />
2.3<br />
1.4<br />
69.6<br />
20.2<br />
48.0<br />
11.1<br />
17.0<br />
3.7<br />
2,547<br />
280<br />
312<br />
194<br />
212<br />
1,549<br />
642<br />
1,139<br />
301<br />
300<br />
165<br />
165<br />
159<br />
247<br />
334<br />
297<br />
1)<br />
without “further cover assets” pursuant to § 20, par. 2 PfandBG<br />
2)<br />
in case of split ratings, the inferior credit rating prevails<br />
3)<br />
pursuant to § 20, par. 2 PfandBG<br />
4)<br />
according to § 28, par. 1, S. 1 PfandBG – the lowest risk-adjusted value of over-collateralization<br />
149<br />
Mortgage cover pool<br />
Dec. 31, 2010<br />
€ million in %<br />
Dec. 31, 2009<br />
€ million<br />
Nominal volume 1)<br />
9,904<br />
by property types<br />
residential<br />
commercial<br />
by number of cover loans<br />
residential<br />
commercial<br />
3,393<br />
6,511<br />
37,189<br />
36,042<br />
1,147<br />
by average loan size (actual balance) 5)<br />
up to € 0.3 million<br />
from more than € 0.3 million up to € 5.0 million<br />
over € 5.0 million<br />
2,854<br />
1,094<br />
5,956<br />
by regional distribution<br />
Germany West<br />
Germany East<br />
Berlin<br />
Other countries<br />
of which: UK<br />
France<br />
Spain<br />
Benelux countries<br />
Scandinavia<br />
others<br />
4,332<br />
759<br />
376<br />
4,437<br />
1,121<br />
442<br />
273<br />
403<br />
91<br />
2,107<br />
Further cover assets 3)<br />
Over-collateralization<br />
nominal<br />
nominal<br />
net present value<br />
risk adjusted net present value 4)<br />
536<br />
1,805<br />
2,022<br />
1,457<br />
1)<br />
without “further cover assets” pursuant to § 19, par. 1 PfandBG<br />
3)<br />
pursuant to § 19, par. 1 PfandBG<br />
4)<br />
according to § 28, par. 1, S. 1 PfandBG – the lowest risk-adjusted value of over-collateralization<br />
5)<br />
pursuant to § 28, par. 2 no. 1 a) PfandBG – total amount per tranche<br />
100<br />
34.3<br />
65.7<br />
28.8<br />
11.1<br />
60.1<br />
43.7<br />
7.7<br />
3.8<br />
44.8<br />
20.9<br />
8,863<br />
3,934<br />
4,929<br />
40,608<br />
39,366<br />
1,242<br />
3,371<br />
1,173<br />
4,319<br />
4,851<br />
823<br />
406<br />
2,783<br />
565<br />
220<br />
166<br />
183<br />
35<br />
1,614<br />
270<br />
1,332<br />
1,532<br />
1,124
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