Company Overview of DEPFA Bank plc
DEPFA BANK plc, together with its subsidiaries, provides banking, financial, and related services to public sector clients worldwide. The company’s activities comprise issuance and ongoing administration of asset covered securities; procurement of office equipment; and public finance banking and capital market activities. It also serves as a special purpose vehicle for tier 1 capital rising; and provides property management and vehicle funding services. The company is based in Dublin, Ireland. As of December 19, 2014, DEPFA Bank plc operates as a subsidiary of FMS Wertmanagement.
1 Commons Street
Key Executives for DEPFA Bank plc
Deputy Chief Executive Officer
Executive Managing Director and Head of First Albany's Municipal Capital Markets Group
Compensation as of Fiscal Year 2014.
DEPFA Bank plc Key Developments
DEPFA Bank plc Reports Audited Consolidated Earnings Results for the Six Months Ended June 30, 2014
Aug 26 14
DEPFA Bank plc reported audited consolidated earnings results for the six months ended June 30, 2014. For the year, the company reported pre-tax loss of EUR 101 million compared to pre-tax income of EUR 3 million a year ago. Net loss attributable to equity holders of the parent was EUR 94 million compared to net income attributable to equity holders of the parent was EUR 2 million a year ago. Net interest loss was EUR 13 million compared to net interest income EUR 15 million a year ago. Net cash used in operating activities was EUR 2,143 million compared to EUR 1,388 million a year ago. Purchase of property, plant and equipment was EUR 4 million. Purchase of intangible assets was EUR 1 million compared to EUR 1 million a year ago.
Government Abandons Plan To Sell DEPFA
May 14 14
Germany's government has abandoned plans to sell the DEPFA Bank plc unit, choosing instead to wind it down. Depfa is a unit of Hypo Real Estate Holding AG. Depfa's assets, which stood at €49 billion at the end of December, will now be moved to Germany's state-owned bad bank FMS Wertmanagement AoeR, or FMS-WM, the German finance ministry said on May 13, 2014. German taxpayers, who own Hypo Real Estate, would achieve "a higher value" by running down the unit than by selling it, the German government said. "We have created very good options by preparing the sale of Depfa ready for signing," said Manuela Better, chief executive officer of Hypo Real Estate. "It goes without saying that the decision not to sell, but to wind down under FMS-WM, is that of the owner."
DEPFA Bank plc Reports Audited Consolidated Earnings Results and Parent Cash Flow Results for the Year Ended December 31, 2013
Apr 8 14
DEPFA Bank plc reported audited consolidated earnings results and parent cash flow results for the year ended December 31, 2013. For the year, on consolidated basis, the company reported pre-tax loss of EUR 20 million compared to pre tax income of EUR 68 million a year ago. Net income attributable to equity holders of the parent was EUR 36 million compared to EUR 59 million a year ago. Net interest income was EUR 64 million compared to EUR 86 million a year ago. Net cash used in operating activities was EUR 3,973 million compared to EUR 4,455 million a year ago. Purchase of intangible assets was EUR 2 million compared to EUR 2 million a year ago.
For the year, on parent basis, the company reported net cash used in operating activities of EUR 1,318 million compared to EUR 2,614 million a year ago. Purchase of intangible assets was EUR 2 million compared to EUR 2 million a year ago.
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