FRANKFURT, July 15 | Mon Jul 15, 2013 6:18am EDT
FRANKFURT, July 15 (Reuters) - Germany's second biggest lender Commerzbank has sold a 5 billion euro ($6.5 billion) portfolio of UK property loans to U.S. peer Wells Fargo and private equity firm Lone Star.
Commerzbank said on Monday it expects to book charges of 179 million euros related to the transaction this year as the buyers were paying a 3.5 percent discount on the loan portfolio's book value.
The move improves the lender's risk profile and reduces its portfolio of non-performing loans by 1.2 billion euros. The transaction, however, has no notable impact on the bank's Core Tier 1 capital ratio, Commerzbank said.
In total, the exposure at default of the bank's Hypothekenbank Frankfurt unit - formerly known as Eurohypo - to commercial real estate is around 56 billion euros and its exposure to public finance is around 80 billion euros, a presentation from September shows.
Anda sedang membaca artikel tentang
Commerzbank sells 5 bln eur of UK mortgages
Dengan url
http://sarapannasiudak.blogspot.com/2013/07/commerzbank-sells-5-bln-eur-of-uk.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Commerzbank sells 5 bln eur of UK mortgages
namun jangan lupa untuk meletakkan link
Commerzbank sells 5 bln eur of UK mortgages
sebagai sumbernya
0 komentar:
Posting Komentar