The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
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WL BANK AG<br />
Westfälische Landschaft Bodenkreditbank<br />
Sentmaringer Weg 1, 48151 Münster<br />
Telephone: +49 251 4905-0<br />
Telefax: +49 251 4905-555<br />
e-mail: info@wlbank.de<br />
Internet: www.wlbank.de<br />
Shareholders:<br />
Wegeno Verwaltungsgesellschaft mbH<br />
(100 % WGZ BANK): 89.904 %<br />
Stiftung Westfälische Landschaft: 4.618 %<br />
Volksbanken und Raiffeisenbanken: 4.548 %<br />
WGZ BANK: 0.926 %<br />
Public-sector cover pool<br />
Dec. 31, 2010<br />
€ million in %<br />
Dec. 31, 2009<br />
€ million<br />
Nominal volume 1)<br />
24,594<br />
100.0<br />
25,571<br />
by ratings 2)<br />
AAA/Aaa/AAA<br />
5,871<br />
23.9<br />
5,660<br />
AA/Aa/AA<br />
16,088<br />
65.4<br />
17,121<br />
A/A/A<br />
1,945<br />
7.9<br />
1,649<br />
BB<br />
419<br />
1.7<br />
0<br />
BBB/Baa/BBB<br />
271<br />
1.1<br />
1,141<br />
without rating<br />
0<br />
0<br />
0<br />
by borrowers<br />
German Federal Government<br />
336<br />
1.4<br />
71<br />
Federal states (Länder)<br />
7,891<br />
32.0<br />
8,328<br />
Local authorities<br />
7,103<br />
28.9<br />
6,378<br />
Public-sector financial institutions<br />
4,848<br />
19.7<br />
5,814<br />
Others<br />
283<br />
1.2<br />
322<br />
Other countries<br />
4,133<br />
16.8<br />
4,658<br />
of which: EU<br />
3,966<br />
16.1<br />
4,302<br />
non-EU<br />
167<br />
0.7<br />
356<br />
by weighting<br />
0 %<br />
21,199<br />
86.2<br />
21,787<br />
10 %<br />
990<br />
4.0<br />
948<br />
20 %<br />
2,405<br />
9.8<br />
2,836<br />
Further cover assets 3)<br />
Over-collateralization<br />
nominal<br />
nominal<br />
212<br />
2,440<br />
233<br />
1,642<br />
153<br />
net present value<br />
2,380<br />
1,655<br />
risk adjusted net present value 4)<br />
2,181<br />
1,496<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 />
Mortgage cover pool<br />
Dec. 31, 2010<br />
€ million in %<br />
Dec. 31, 2009<br />
€ million<br />
Nominal volume 1)<br />
9,224<br />
100.0<br />
8,210<br />
by property types<br />
residential<br />
7,977<br />
86.5<br />
7,358<br />
commercial<br />
1,247<br />
13.5<br />
852<br />
by number of cover loans<br />
residential<br />
79,160<br />
98.0<br />
76,541<br />
commercial<br />
1,589<br />
2.0<br />
1,566<br />
by average loan size (actual balance) 2)<br />
up to € 0.3 million<br />
4,876<br />
52.8<br />
4,882<br />
from more than € 0.3 million up to € 5.0 million<br />
2,747<br />
29.8<br />
2,343<br />
over € 5.0 million<br />
1,601<br />
17.4<br />
985<br />
by regional distribution<br />
Germany West<br />
7,579<br />
82.2<br />
6,834<br />
Germany East<br />
806<br />
8.7<br />
702<br />
Berlin<br />
826<br />
9.0<br />
661<br />
Other countries<br />
13<br />
0.1<br />
13<br />
of which: UK<br />
0<br />
0.0<br />
0<br />
France<br />
0<br />
0.0<br />
0<br />
Spain<br />
13<br />
0.1<br />
13<br />
Benelux countries<br />
0<br />
0.0<br />
0<br />
Scandinavia<br />
0<br />
0.0<br />
0<br />
others<br />
0<br />
0.0<br />
0<br />
Further cover assets 3)<br />
nominal<br />
739<br />
349<br />
Over-collateralization<br />
nominal<br />
1,189<br />
869<br />
net present value<br />
1,678<br />
1,225<br />
risk adjusted net present value 4)<br />
1,552<br />
1,120<br />
1)<br />
without “further cover assets” pursuant to § 19, par. 1 PfandBG<br />
2)<br />
pursuant to § 28, par. 2 no. 1 a) PfandBG – total amount per tranche<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
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