The EAA Investor Relations Press Contact DE EN EAA Interim Report 30.09.2021 Key Figures News In the first 9 month of 2021 EAA has made further progress in implementing its wind-up mission. The first nine months of the 2021 fiscal year went well for the EAA in operational terms. The portfolio of loans and securities declined by EUR 1.8 billion to EUR 10.9 billion by 30 September 2021. The trading portfolio decreased in the same period by EUR 22.1 billion to EUR 72.5 billion in notional terms. By selling another Italian bond in the third quarter of 2021, the EAA’s concentration risk has significantly been reduced. more 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. more EAA Rating 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. more Financial Reports 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. more Ten years of operational activity of the EAA In the wake of the financial crisis, the EAA took over portfolios of Landesbank WestLB, an internationally integrated bank, in two steps, with the aim of winding them up while minimising losses. To date, this has been achieved much better and faster than originally expected. In this way, the EAA has helped stabilise the financial market, and prevented risks associated with the portfolio, which totalled some EUR 200 billion, from materialising. It has never made use of the liability commitments of its public stakeholders so far. 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 Contact Erste Abwicklungsanstalt Friedrichstraße 84 40217 Düsseldorf Tel.: +49 211 91345 780 Fax: +49 211 91345 789 E-Mail: info@aa1.de Contact Press Cosima Rauner Public Relations Tel: +449 211 91345 790 E-Mail: cosima.rauner@aa1.de or presse@aa1.de Top-Links Charter Financial Reports Press Legal Privacy Policy Privacy settings We use cookies on our website. Some of them are essential, while others help us improve this website and your experience. Essential Statistics External Media Accept all Save Individual privacy settings Cookie details Privacy policy