Saturday February 22, 2020

Losses slashed at IFSC’s bailed-out German bank

Depfa losses down from €185 million to €53 milliom

Ian Guider

Markets Editor

@ianguider
3rd April, 2016
German bank Depfa has been bailed out

Depfa, the Dublin-based German bank that was one of the biggest casualties of the global financial crisis, cut its losses by more than two-thirds last year.

The bank, which is headquartered in the International Financial Services Centre, made a loss of €53 million, down from €185 million in 2015, according to its annual report published last week.

The lender needed to be rescued in 2008 by the German state, which took over the company and placed...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The narrative of the Sinn Féin surge suggests that politics in Ireland is becoming more polarised like in the US and Britain, but the reality is far more complex

Colin Murphy | 6 days ago

Bank chief McDonagh says move would create better work environment for young parents and people with caring responsibilities

Killian Woods | 6 days ago

Despite a belated show of independence, the US attorney general has been a willing pawn in Trump’s interference in criminal investigations being carried out by the Department of Justice

Marion McKeone | 6 days ago