Commerzbank Winds Up Commercial Real Estate Finance Business
Commerzbank is winding up its commercial real estate financing and ship finance segments into a new Non Core Assets (NCA) segment. The public finance segment of Eurohypo will also be transferred to the NCA segment. The high capital and liquidity requirements under Basel III have made the commercial real estate finance and other noncore businesses less attractive to Commerzbank.
The commercial real estate finance and public finance businesses will remain in the legal entity of Eurohypo, which, as of 31 August, has been renamed Hypothekenbank Frankfurt AG.