News
12.04.2024
Annual Report 2023
Fiscal year 2023 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 1.3 billion to EUR 6.3 billion as of 31 December 2023 and the notional volume in the trading portfolio declined by EUR 6.7 billion to EUR 49.9 billion.
more14.12.2023
Interim report as at 30 September 2023
The EAA’s economic situation in the first three quarters of 2023 was largely determined by its wind-up mission. The notional volume of the banking book fell 10.9% to EUR 7.0 billion. The notional volume of the trading portfolio declined by 7.2% to EUR 52.5 billion during the same period. The results after taxes of EUR -3.4 million are characterised in particular by general administrative expenses of EUR 75.4 million and the net fee and commission result of EUR -15.0 million.
more12.12.2023
The EAA successfully defends itself
The Erste Abwicklungsanstalt AöR (EAA) has defended itself successfully in the legal dispute with Portigon AG. In its decision of 5 December 2023, the Federal Court of Justice rejected Portigon AG’s complaint against non-admission The judgement by the Higher Regional Court of Frankfurt am Main (OLG) of 21 December 2022 in favour of the EAA is therefore final and Portigon AG’s claim for exemption from cum-ex tax liabilities of the former WestLB AG is definitively unsuccessful.
morePress reports of EAA
2024
- 12.04.2024 Annual Report 2023
2023
- 14.12.2023 Interim report as at 30 September 2023
- 12.12.2023 The EAA successfully defends itself
- 23.08.2023 Interim report as at 30 June 2023
- 28.06.2023 The EAA successfully realigns the operating model
- 14.06.2023 Interim report as at 31 March 2023
- 24.04.2023 Annual Report 2022
2022
- 23.11.2022 Interim Report as at 30 September 2022
- 24.08.2022 Interim Report as at 30 June 2022
- 17.05.2022 Interim Report as at 31 March 2022
- 11.04.2022 Annual Report 2021
2021
- 16.11.2021 Interim report as at 30 September 2021
- 29.09.2021 EAA ordered to pay to Portigon AG
- 25.08.2021 Interim report as at 30 June 2021
- 14.06.2021 Interim report as at 31 March 2021
- 19.04.2021 EAA successfully continues with portfolio reduction
- 13.04.2021 EAA Image Sources
- 17.03.2021 European Central Bank approves return of full banking licence
2020
- 12.09.2020 Interim report as at 30 September 2020
- 19.08.2020 Interim report as at 30 June 2020
- 16.05.2020 Interim report as at 31 March 2020
- 27.04.2020 EAA well equipped for ongoing wind up
- 31.03.2020 Purchase contract cancelled
2019
- 11.12.2019 Change in Managing Board of EAA
- 19.11.2019 Interim Report 30 September 2019 submitted
- 18.09.2019 EAA makes further progress in portfolio reduction and achieves break-even result
- 16.09.2019 Standard & Poor’s raised EAA’s long-term Issuer Credit Rating
- 13.06.2019 Interim Report 31 March 2019
- 10.04.2019 The EAA continues to record a positive performance
2018
- 15.11.2018 EAA again with positive figures
- 30.10.2018 EAA benchmark: Huge interest from international Investors
- 30.08.2018 EAA again with positive figures
- 09.04.2018 Another successful fiscal year
2017
- 04.12.2017 EAA places services for the remaining wind-up portfolio in the hands of private service providers
- 15.11.2017 Business volume reduced by more than EUR 10 billion
- 09.11.2017 EAA tapped the capital market again
- 23.08.2017 The EAA continues to operate in the black and is making good progress in reducing WestLB legacy positions
- 17.05.2017 Positive result in the first quarter of 2017
- 16.03.2017 Another year in the black for EAA
- 22.02.2017 Change in Managing Board of Erste Abwicklungsanstalt
- 23.01.2017 EAA privatises its portfolio management subsidiary
2016
- 13.12.2016 EAA’s business performed well
- 23.08.2016 EAA continues to reduce its portfolio, ensuring a positive result
- 13.07.2016 EAA sells real estate management company WestFonds
- 01.07.2016 PFS has changed its company name to Erste Financial Services GmbH
- 06.06.2016 EAA issues its second Benchmark in 2016
- 11.04.2016 HETA: In any scenario, the liabilities of the Province of Carinthia and the KLH come into effect
- 04.04.2016 EAA acquires Portigon Financial Services GmbH
- 21.03.2016 Of the loans and securities originally in the wind-up portfolio, just barely a quarter is still left
- 21.01.2016 Pool of creditors files EUR 1 billion lawsuit against HETA
2015
- 16.11.2015 Positive result and significant progress in portfolio reduction
- 25.08.2015 The EAA reduces loans and securities by almost a quarter in six months and achieves a positive result
- 16.07.2015 Pool of creditors files EUR 1 billion lawsuit against HETA
- 10.06.2015 One more successful USD-bond
- 01.06.2015 Sale of WestImmo concluded as planned
- 22.05.2015 Portfolio wind-up continues apace in 2015
- 30.04.2015 Banking book 2010 to 2015: Wind-up spread also over difficult segments
- 16.04.2015 EAA Annual Report 2014
- 22.02.2015 WestImmo’s share purchase agreement signed
2014
- 12.12.2014 EAA sells significant stake
- 20.08.2014 Good progress made in reducing risk exposure
- 10.04.2014 EAA Annual Report 2013
2013
2012
2011
- 12.09.2011 EAA confirms participation in Greek Government bond exchange
- 11.08.2011 Risk portfolio down by more than a quarter
- 14.04.2011 One-fifth of portfolio already wound up
- 22.03.2011 EAA places benchmark bond