German Bank in Administration

DUSSELDORF - Control of German bank Dusseldorfer Hypothekenbank has been transferred to the Deposit Protection Fund run by the Association of German Banks, blaming current market conditions. The decision, made by the bank's owners, has the approval of Germany's central bank and regulator, Bafin, which says there is no need for regulatory action as the bank has acted responsibly.

Due to the provisions of the German Pfandbrief Act, which sets conservative mortgage lending limits and requires cover pools to be held as separate assets, the bank will be able to continue to service and redeem its mortgage-backed covered bonds.

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

You need to sign in to use this feature. If you don’t have a 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