The rescue and restructuring of Hypo Real e state
The rescue and restructuring of Hypo Real e state
复制标题
Hypo Real e国家的拯救和重组
DOI:
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发表时间:
2011
期刊:
影响因子:
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通讯作者:
K. Soukup
中科院分区:
文献类型:
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作者:
M. Buder;Max Lienemeyer;M. Magnus;Bert F. Smits;K. Soukup
In the autumn of 2002, the German HVB bank group decided, as part of a major reorganisation plan, to spin off its international commercial real estate finance business and the domestic mortgage bank participations, establishing HRE in 2003 as a specialised commercial real estate finance bank. In the beginning, HRE seemed to operate quite successfully, and between 2005 and 2008 HRE managed to be listed in the German DAX index, which is composed of the top 30 German com‐ panies. In 2007, HRE took over Dublin‐based DEPFA Bank plc (Depfa) and extended its business to public sector and infrastructure finance. That transaction more than doubled HRE group’s bal‐ ance sheet, which by the end of 2008 grew to ap‐ proximately EUR 420 billion.