January 31, 2015 7:54 AM ET

Banks

Company Overview of DEPFA Bank plc

Company Overview

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

Dublin,  1

Ireland

220 Employees

Phone:

353 1 792 2222

Fax:

353 1 792 2211

Key Executives for DEPFA Bank plc

Chief Executive Officer
Age: 53
Chief Financial Officer
Chief Risk Officer
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

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

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

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.

Similar Private Companies By Industry

Company Name Region
BNY Financial Services plc Europe
Merrill Lynch International Bank Limited Europe
Promsvyaz Finance PLC Europe
CBOM Finance p.l.c. Europe
Naspa Dublin plc Europe

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact DEPFA Bank plc, please visit www.hyporealestate.com/en/depfa-bank-plc.html. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.