COREALCREDIT BANK AG
COREALCREDIT BANK AG to adjust its voluntary commitment for Pfandbriefe
COREALCREDIT BANK AG / Key word(s): Miscellaneous 21.07.2011 17:25 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- On 20 August 2011 COREALCREDIT BANK AG will increase its commitment to maintain voluntary nominal overcollateralization for public-sector Pfandbriefe from previously 5.0 percent to 10.6 percent in anticipation of higher requirements from the rating agencies. The voluntary nominal overcollateralization of 13.0 percent for mortgage Pfandbriefe remains unchanged. COREALCREDIT BANK AG will continue to maintain the high quality and transparency of its cover assets in future. Some elements of its voluntary public commitment have now been included in the German Pfandbrief Act. The raising of the voluntary minimum overcollateralization for public-sector Pfandbriefe will thus be used as an opportunity to adjust the formulation of the commitment to reflect changes in the general conditions. As planned, the volume of public-sector Pfandbriefe in circulation amounted to only EUR 1.5 bn as of 30 June 2011 compared to EUR 26.5 bn as of 31 December 2005, and will be reduced further as the public financing business is wound up. The volume of cover assets is EUR 1.6 bn. The voluntary public commitment was made for the first time on 1 February 2007. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Please find a register of all listed securities of COREALCREDIT BANK AG on our website http://www.corealcredit.de/upload/wertpapiere/Wertpapierliste.pdf Kontakt: Dr. Leo Cremer Telefon: +49-(0)69-7179 665 Telefax: +49-(0)69-27179 665 leo.cremer@corealcredit.de 21.07.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: COREALCREDIT BANK AG Grüneburgweg 58-62 60322 Frankfurt am Main Germany Phone: 069 / 7179 - 543 Fax: 069 / 27179 - 543 E-mail: axel.leupold@corealcredit.de Internet: www.corealcredit.de ISIN: DE0008103094, DE0005169734, DE0005169759, DE0008103037, DE0008103045, DE0008103078 WKN: 810309 Listed: Regulierter Markt in Düsseldorf; Freiverkehr in Stuttgart; Open Market in Frankfurt End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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