The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
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COREALCREDIT BANK AG is a German specialist bank for commercial property finance with Germany as<br />
its core market. <strong>The</strong> bank develops customized finance solutions for professional real estate clients both in<br />
Germany and abroad. Its broad range of products and consultancy combined with flexibility, expertise and<br />
speed ensures tailor-made solutions. Apart from its headquarter in Frankfurt am Main, COREALCREDIT<br />
BANK AG also has five further offices in key German real estate markets.<br />
<strong>The</strong> bank will continue to issue Mortgage <strong>Pfandbrief</strong>e under its business model. Business with public sector<br />
borrowers, however, will not be continued and the existing portfolio shall be phased out in line with the<br />
natural maturities.<br />
Rating: Mortgage Public Short-term Long-term Individual<br />
<strong>Pfandbrief</strong>e <strong>Pfandbrief</strong>e liabilities liabilities Rating<br />
Fitch AA– AAA F3 BBB– D<br />
Selected key figures<br />
2010<br />
€ million<br />
2009<br />
€ million<br />
Total assets<br />
9,834<br />
11,375<br />
Mortgage loan portfolio<br />
4,638<br />
5,231<br />
Residential loans<br />
1,625<br />
1,946<br />
Commercial loans<br />
3,013<br />
3,285<br />
of which cross-border<br />
–<br />
–<br />
Mortgage loan commitments<br />
1,072<br />
960<br />
92<br />
Residential loans<br />
Commercial loans<br />
314<br />
758<br />
162<br />
798<br />
of which cross-border<br />
–<br />
–<br />
Public-sector loan portfolio<br />
3,403<br />
3,947<br />
of which cross-border<br />
1,171<br />
1,475<br />
Total funds outstanding (registered and bearer bonds)<br />
5,860<br />
7,489<br />
Mortgage <strong>Pfandbrief</strong>e<br />
2,960<br />
3,506<br />
Public <strong>Pfandbrief</strong>e<br />
1,480<br />
2,276<br />
Unsecured bonds<br />
–<br />
–<br />
Bonds backed by SoFFin guarantee<br />
400<br />
500<br />
Promissory notes<br />
1,021<br />
1,207<br />
Refinancing funds raised<br />
994<br />
1,505<br />
Mortgage <strong>Pfandbrief</strong>e<br />
783<br />
1,003<br />
Public <strong>Pfandbrief</strong>e<br />
–<br />
–<br />
Unsecured bonds<br />
–<br />
–<br />
Bonds backed by SoFFin guarantee<br />
–<br />
500<br />
Promissory notes<br />
211<br />
2<br />
Own funds as shown in the balance sheet – total –<br />
1,094<br />
1,117<br />
Equity capital (incl. balance sheet loss)<br />
694<br />
696<br />
Profit-sharing capital (after replenishment)<br />
20<br />
18<br />
Subordinated liabilities<br />
380<br />
403<br />
Income from net interest, commission and participations<br />
69<br />
78<br />
Administrative expenditure<br />
50<br />
59<br />
Operating result before provisions for risks<br />
20<br />
27<br />
Risk provisions (net)<br />
-14<br />
-24<br />
Operating result after provisions for risks<br />
1<br />
-2<br />
Income for the year<br />
3<br />
3<br />
Presence in electronic media: Reuters: Corealcredit; Bloomberg: Coreal<br />
Treasury:<br />
Investor Relations:<br />
Thomas Arendt<br />
Axel Leupold<br />
Tel.: +49 69 7179-418 Tel.: +49 69 7179-543<br />
Fax: +49 69 7179-416 Fax: +49 69 27179-543<br />
e-mail: Thomas.Arendt@corealcredit.de<br />
e-mail: Axel.Leupold@corealcredit.de
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