DePfa

33 results

US private equity groups Apollo and JC Flowers are among the parties to have signalled bid interest in Depfa

Dublin-based Depfa Bank, a former public sector lender, is understood to have secured bid interest from US private equity groups Apollo and JC Flowers(...)

Depfa’s s portfolio mainly consists of loans and bonds to German and other western European borrowers from the public sector.

Dublin-based Depfa Bank’s long-awaited second sale process since it nearly collapsed during the 2008 financial crisis was formally kicked off on Tuesd(...)

KBC Bank Ireland now ‘very unlikely’ to elect to make dividend payments this year, according to a company spokeswoman. Photograph: Bryan O’Brien

The European Central Bank’s (ECB) move last week to urge banks to hold off paying dividends, as Covid-19 rips through economies, has upset plans of ov(...)

Hypo Real Estate Bank chief executive Georg Funke with Depfa chief Gerhard Bruckermann in 2007 when Depfa was bought by the commercial property bank. Photograph: Thorsten Jochim/Getty Images

The German state bad bank that took over Depfa Bank five years ago is pressing ahead with preparations to sell the Dublin-based public sector lender n(...)

A consortium led by David McCourt is on track to win the tender for the national broadband plan, according to the Sunday Times. Photograph: Jason Clarke

A consortium led by David McCourt is on track to win the tender to deliver high-speed broadband to rural Ireland, the Sunday Times reported, adding (...)

Michael Fingleton arriving at the Irish Nationwide inquiry at Blackhall Place. The former chief executive told the inquiry that September was his “holiday month”. File photograph: Alan Betson

German banking group Hypo Real Estate was one of the first to contact Michael Fingleton when the long-time Irish Nationwide Building Society (INBS) ch(...)

Depfa Bank in Dublin. Figures contained in Depfa’s annual report suggest the bank was sitting on as much as €812 million of excess equity capital. Photograph: Cyril Byrne

The German state’s bad bank tasked more than three years ago with winding down Dublin-based Depfa Bank has confirmed that a sale of the former public-(...)

Depfa had an average of 133 employees in Dublin last year out of a total of 146. Photograph: Cyril Byrne

A German state-owned bad bank is eyeing the prospect of extracting special dividends from Dublin-based Depfa Bank as the failed lender’s annual report(...)

While Hypo Real Estate agreed to sell Depfa as part of a restructuring plan under its own bailout during the financial crisis, the German government scrapped the sale in 2014, and transferred the business to a state-owned bad bank FMS Wertmanagement (FMS-WM). Photograph: Getty Images

German authorities are considering a second attempt at selling Depfa Bank, the Dublin-based lender which nearly collapsed in September 2008, according(...)

Former Hypo Real Estate chief executive Georg Funke, pictured in a Munich court in March 2017. The case was settled today. Photograph: Christof Stache / AFP

A decade after the multi-billion bailout of Hypo Real Estate (HRE) and its Dublin subsidiary Depfa, the court case against leading managers has collap(...)

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