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EAA Covered Bond Bank

Formerly known as WestLB Covered Bond Bank, in 2010 EAA Covered Bond Bank was transferred to Erste Abwicklungsanstalt, which is managed by the Financial Market Stabilisation Authority (FMSA) of Germany. Its business plan is to manage the orderly wind-down of the balance sheet over a period of 17 years.

Financial Data

  • 31st Dec 20 Source: CRO
    • €520.5 million assets
    • -€14.2 million profit
    • 14 employees
  • 31st Dec 19 Source: CRO
    • €1.6 billion assets
    • -€4.4 million profit
    • 13 employees

Ranking

By Assets

(€520.5 million)

By Employees

(14)
77th in Top Financial Companies By Assets
  • 14
  • €520.5 million

Employees

  • Michael Doherty CEO/Managing Director

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