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

31st March, 2019

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.

“During 2018,...

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