ABS lifeline for German banks

German banks, hit by non-performing loans and the deteriorating financial environment, could soon see an upturn in their fortunes after moves were announced to set up a special-purpose vehicle (SPV) to securitise billions of euros of loans.

Commerzbank, Deutsche Bank, Dresdner Bank, DZ-Bank, HVB Group and the state-owned Kreditanstalt für Wiederaufbau (KfW) are to jointly form a company which will buy some of the five private banks’ loans and sell them to investors as asset-backed

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here