The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
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WL BANK was founded in Münster (Westphalia) in 1877. <strong>The</strong> Bank maintains representative offices in Berlin,<br />
Dusseldorf and Munich as well as sales locations in Frankfurt, Hamburg and Heidelberg. As a <strong>Pfandbrief</strong><br />
bank, in addition to public-sector lending, WL BANK’s prime focus is on long-term real estate loans. Besides<br />
commercial property finance, its core business also consists in financing property for residential use.<br />
As a member of the German Volksbanken Raiffeisenbanken cooperative financial network, the Bank is a<br />
partner for the commercial and agricultural credit cooperatives. Furthermore, within the WGZ BANK group,<br />
it serves as a centre of competence for public-sector clients. High quality funding provides the basis for a<br />
pricing policy that is both low-cost and marked to market. <strong>The</strong> bank’s activities are primarily funded by<br />
issuing <strong>Pfandbrief</strong>e. Besides individual and/or structured issues, there are Jumbo <strong>Pfandbrief</strong> placements.<br />
Rating: Public Short-term Long-term Financial<br />
<strong>Pfandbrief</strong>e liabilities liabilities strength<br />
Standard & Poor’s AAA AAA A-1 A+<br />
Fitch – – F1+ A+<br />
Selected key figures<br />
2010<br />
€ million<br />
2009<br />
€ million<br />
Total assets<br />
43,931<br />
43,380<br />
Mortgage loan portfolio<br />
11,221<br />
10,106<br />
Mortgage loan commitments<br />
2,288<br />
2,083<br />
Public-sector loan portfolio<br />
30,797<br />
31,889<br />
Public-sector loan commitments<br />
4,216<br />
6,344<br />
152<br />
Total funds outstanding (registered and bearer bonds)<br />
Mortgage <strong>Pfandbrief</strong>e<br />
34,766<br />
8,786<br />
35,162<br />
7,703<br />
Public <strong>Pfandbrief</strong>e<br />
22,366<br />
24,162<br />
Unsecured bonds<br />
2,409<br />
2,110<br />
Promissory notes<br />
1,205<br />
1,187<br />
Jumbo issues outstanding<br />
6,875<br />
7,875<br />
Refinancing funds raised<br />
6,226<br />
8,903<br />
Mortgage <strong>Pfandbrief</strong>e<br />
1,884<br />
2,104<br />
Public <strong>Pfandbrief</strong>e<br />
2,887<br />
5,393<br />
Unsecured bonds<br />
1,291<br />
1,271<br />
Promissory notes<br />
164<br />
135<br />
Own funds as shown in the balance sheet – total –<br />
528<br />
502<br />
Core capital (without net income)<br />
350<br />
330<br />
Profit-sharing capital<br />
35<br />
38<br />
Subordinated liabilities<br />
143<br />
134<br />
Net interest income<br />
124<br />
106<br />
Administrative expenditure<br />
41<br />
39<br />
Operating result before provisions for risks<br />
63<br />
51<br />
Provisions for risks<br />
-28<br />
0<br />
Operating result after provisions for risks<br />
35<br />
51<br />
Income for the year<br />
11<br />
26<br />
Presence in electronic media: Reuters: WLBANK<br />
Contacts:<br />
Sascha Aldag, Director Tel.: +49 251 4905-2200 sascha.aldag@wlbank.de<br />
Robert Holl, Deputy Department Director Tel.: +49 251 4905-2240 robert.holl@wlbank.de
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