Wikipedia
Hypothekenbank Frankfurt AG, previously Eurohypo AG, is a European real estate bank based in Eschborn, Frankfurt. Eurohypo is 100% owned by Commerzbank. It is the eleventh-largest bank in Germany with a balance sheet of € 214.2 billion in 2007.
Hypothekenbank Frankfurt AG (previously Eurohypo AG) is a leading international specialist bank for real estate and public finance. The bank is also the Pfandbrief issuer within the Commerzbank Group. Eurohypo’s business model is based on a common platform of real estate and public finance. Bloomberg News termed Eurohypo "problematic" and that it might be transferred to a " bad bank" within Germany's bank rescue fund SoFFin in an effort to help repair Commerzbank's capital deficit.
The Real Estate division of the company includes commercial real estate financing in Germany as well as numerous countries in Europe, the USA and Asia.
The Public Finance division covers
- Conventional public sector lending, i.e. central governments, federal states and municipalities or borrowers guaranteed by these
- Financing and consulting for public private partnership projects, as a “Centre of Competence” within the Commerzbank Group
- Pfandbrief refinancing and covered pool management
The business division Treasury is in particular responsible for:
- Fulfilment of guidelines in regards to covered pool management
- refinancing of the commercial real estate portfolio
Commercial Real Estate Lending through the credit crisis. Eurohypo has had a mixed performance during the recession, as shown in its 2010 results published on 24 February 2011.