News
Cost-efficient fulfilment of the winding-up mandate
Fiscal year 2024 proved successful for the EAA. As in previous years, the winding-up activities were focused on measures for reducing the portfolio ahead of schedule and an active participation management. The portfolio of loans and securities was reduced by EUR 0.6 billion to EUR 5.7 billion as of 31 December 2024 and the notional volume in the trading portfolio declined by EUR 4.8 billion to EUR 45.0 billion.
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Transparent business model
In the public interest
The EAA operates as an asset manager pursuing a clear, public mandate that is enshrined in its charter: it is winding up the risk exposures and non-strategic business units (transferred assets) transferred from the former WestLB AG (now Portigon AG) and its domestic and for-eign subsidiaries in a value-preserving and risk-minimising manner. This serves to stabilise the financial market.
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Very high creditworthiness and first-class ratings
EAA is independent both economically and in terms of its organisation, this means, amongst other things, that it plans its refinancing itself and implements it with its own issues on the capital market. As a result of the liability commitments it has obtained, EAA enjoys very high creditworthiness.
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Optimising the wind-up result
The EAA has disposed of around 90% of the financial products it took over from WestLB in 2009/2010 and 2012. The portfolio has therefore been reduced much faster than planned. This reduction was carried out in a way that preserved value. As a result, the EAA has higher reserves than expected at this time.
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