Commerzbank moves strongly to reduce real estate loans


During H1, Commerzbank has driven down its commercial real estate loans to a large extent. The balance sheet shows a financial volume that has shrunk 31% since the end of the year to €24bn. Compared to Q2 2013, the loan book is now even 49% lighter. This is mainly due to already announced package sales in Spain, Portugal, and Japan, with a nominal value of €5.1bn. In Germany, the commercial real estate portfolio has been reduced from €15bn to €12bn since the end of the year. Risk provision for commercial real estate, one of the group’s problem children in recent years, resulted in a bottom line for H1 that even showed €10mn free. Further reductions of the real estate loan portfolio are to now go even faster than planned: by the end of 2016, only €20bn will remain of the current €24bn in real estate loans and €13bn in ship financing.

TD Premium

Subscribers to our premium service have access to this article in full as well as to an additional 510,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.

TD Premium is Germany’s leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.