Commerzbank sells two portfolios of commercial real estate loans with a total face volume of EUR 2.9 bn

Commerzbank sells two portfolios of commercial real estate loans with a total face volume of EUR 2.9 bn

01/07/2015

  • J.P. Morgan and Lone Star purchase European portfolio totalling EUR 2.2 bn
  • German portfolio of non-performing loans with a face volume of EUR 0.7 bn sold to Oaktree
  • Overall small discount on total portfolios around 3%
  • Transaction leads to positive net capital effect of approx. EUR 105 m in Q3
  • Transactions reduce CRE portfolio by a total of 17% – risk profile significantly improved
  • Significant reduction in complexity through sale of portfolios in 15 different countries