The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
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WestLB is a European commercial bank with strong local roots in North-Rhine-Westphalia, Germany’s<br />
most densely populated federal state. Its consolidated balance sheet total of € 191.5 billion (as at<br />
31 December 2010) makes it one of Germany’s leading financial service providers. In its capacity as the<br />
central banking institution for the savings banks located in North-Rhine-Westphalia and Brandenburg and<br />
as an international commercial bank, it serves as a hub to the global financial markets. At group level,<br />
WestLB’s consolidated payroll totals 4473 full time employees.<br />
Rating: Public Short-term Long-term Financial<br />
<strong>Pfandbrief</strong>e liabilities liabilities strength<br />
Moody’s Aaa P-1 A3 E+<br />
DBRS F-1 A- D<br />
Selected key figures<br />
2010<br />
€ million<br />
2009<br />
€ million<br />
Total assets<br />
173,310<br />
188,397<br />
Mortgage loan portfolio<br />
0<br />
0<br />
Mortgage loan commitments<br />
0<br />
0<br />
Public-sector loan portfolio<br />
25,170<br />
30,226<br />
Public-sector loan commitments<br />
9,476<br />
8,417<br />
Total funds outstanding (registered and bearer bonds)<br />
134,571<br />
187,790<br />
Public <strong>Pfandbrief</strong>e<br />
9,610<br />
10,164<br />
150<br />
Unsecured bonds<br />
Promissory notes<br />
30,269<br />
7,139<br />
44,059<br />
17,018<br />
Other funds<br />
87,553<br />
116,549<br />
Jumbo issues outstanding<br />
4,075<br />
4,525<br />
Refinancing funds raised<br />
13,468<br />
28,294<br />
Public <strong>Pfandbrief</strong>e<br />
2,332<br />
3,383<br />
Unsecured bonds<br />
10,271<br />
22,862<br />
Promissory notes<br />
865<br />
2,049<br />
Own funds as shown in the balance sheet – total –<br />
6,651,6*<br />
6,693*<br />
Core capital (without net income)<br />
4,506<br />
4,841<br />
Profit-sharing capital<br />
471<br />
738<br />
Subordinated liabilities<br />
2,322<br />
2,522<br />
Net interest income<br />
1,178<br />
1,396<br />
Administrative expenditure<br />
953<br />
1,117<br />
Operating result before provisions for risks<br />
43<br />
334<br />
Provisions for risks<br />
102<br />
623<br />
Operating result after provisions for risks<br />
-59<br />
-289<br />
Income for the year<br />
0<br />
-295<br />
* excluding silent participation by SoFFin of € 1.5 billion per 04 th of Jan 2010
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