Copying and distributing are prohibited without permission of the publisher
Profile: Deutsche Pfandbriefbank
02 December 2011
Airfinance Journal speaks to new aviation financier PBB Deutsche Pfandbriefbank, a German bank which focusses solely on export credit lending for Airbus jets.
Read more:
PBB Deutsche Pfandbriefbank
Airbus
Damien Legrande
liquidity
export credit
PBB Deutsche Pfandbriefbank closed its first aviation transaction in April. Until now the bank has chosen to remain silent about its aviation lending.
The Munich-based lender has offices spread over Europe and a structured finance division led from Paris. The team of 10, which divides its work 50/50 between aviation and Public Private Partnership (PPP) loans, only finances aircraft which are guaranteed by one of two European export credit agencies.
PBB was formed from the merger of German lender, Hypo Real Estate Bank, and DEPFA Deutsche Pfandbriefbank. The German government bailed out PBB�s parent Hypo Real Estate in 2008, and since 2009 it has been the 100% owner. The European Commission has placed guidelines on the bank saying it should focus on European clients, but this does not mean that PBB is limited to financing European airlines.
"We concentrate on financing covered by ECAs,...
Take a free website trial to view this article. It's easy to get a trial - just follow this link or email sbains@euromoneyplc.com.
Alternatively, if you're already a subscriber or have a trial, simply log in below to read the article.
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
