Depfa sheds 20 per cent of assets as slow wind-down continues

Depfa, the Dublin-headquartered German bank, shed about a fifth of its assets last year as it continued its orderly wind-down.

The lender, whose demise was one of the biggest during the global financial crisis, saw its assets decline to €15.4 billion, a drop of €3.2 billion in the space of 12 months, it said last week. The latest decline in its assets means the bank’s balance sheet has shrunk by two-thirds since 2014.