Commerzbank Finance & Covered Bond S.A.
in Luxembourg
© Commerzbank AG
The main business of Commerzbank Finance & Covered Bond S.A. (CFCB) as a Pfandbriefbank under Luxembourg law is the issue of Luxembourg Pfandbriefe (Lettres de Gage) to refinance its public finance portfolio.
As a result of the discontinuation of the public finance business within the Group, the issuance of Pfandbriefe at CFCB ceased in 2013. Since then, CFCB has focused on reducing the value of the portfolio and regularly uses market opportunities to reduce the portfolio.
The Company has an issuer rating of Moody's ("A2", outlook "stable").
CFCB has no longer a Lettres de Gage Rating. Furthermore, since 2013 the Lettres de Gage are not ECB eligible because of regulatory changes relating to CRD IV/CRR (Art. 129).
Investor Relations
Archived company reports can be requested here .
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Role/key data
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Name/IDs
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Managing Directors
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Markus Blaes (CEO), Luxembourg
Dr. Christian Schwarz (CFO and COO), Luxembourg |
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External Auditors
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KPMG Luxembourg, Société coopérative, Luxembourg
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Cover Fund Auditors
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Mazars Luxembourg
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Trade and Companies Register
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R.C.S. Luxembourg B 30.469
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VAT-ID
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TVA-No.: LU 14147251
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Legal Entity Identifier (LEI)
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LEI 9KBIXMK6BHK6T4OV3F48
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Name
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Role
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Dr. Patrick Büchel
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Chairman of the Board of Directors CFCB
Department Head, Group Treasury - Investment Office, Commerzbank AG |
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Michael Hacker
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Deputy Chairman of the Board of Directors CFCB
Managing Director Group Finance, Group Accounting, Management Investments, Commerzbank AG |
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Markus Blaes
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Member of the Board of Directors CFCB
Managing Director of CFCB (CEO) |
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Dr. Christian Schwarz
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Member of the Board of Directors CFCB
Managing Director of CFCB (CFO and COO) |
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Steve Grosche
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Member of the Board of Directors CFCB
Department Head, Group Risk Control - Market Risk Treasury, Banking Books & Liquidity Risk, Commerzbank AG |