Germany’s sale of Depfa Bank advances as S&P questions strategy
Dublin-based Depfa is planning to hand back excess capital to German bad bank FMS-WM
Dublin-based Depfa is planning to hand back excess capital to German bad bank FMS-WM
Depfa’s net profit almost doubled last year due to asset and liability transactions with FMS-WM
Depfa executives and FMS-WM believe sale of licensed Irish bank could play into Brexit shakeout
Depfa Bank was bought by Munich-based Hypo Real Estate in 2007
FSM Wertmanagement buys €5.6bn of Depfa’s bonds and shrinks bank’s assets by 25%
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