Change in Managing Board of EAA

Matthias Wargers (53) will leave the Managing Board of the EAA after almost ten years of service to focus on new professional challenges. As announced today in Düsseldorf by Dr. Patrick Opdenhövel, Chairman of the Supervisory Board of the EAA and State Secretary in the Ministry of Finance of the North Rhine-Westphalia, Wargers will resign from the Managing Board on 31 December 2019, as mutually agreed. 



Interim Report 30 September 2019 submitted

The EAA continued its wind-up success in the first three quarters of the fiscal year. The wind-up volume in both the banking book and the trading portfolio is ahead of the pro-rata plan as of 30 September 2019. The notional volume of loans and securities in the banking book fell to EUR 15.4 billion, while the notional volume in the trading portfolio fell to EUR.



Standard & Poor’s raised EAA’s long-term Issuer Credit Rating

S&P Global Ratings (S&P) has raised its long-term issuer credit rating (ICR) for EAA to AA from AA-. This follows a similar action on the State of North Rhine-Westphalia, released by S&P on September 13th, 2019. The short-term ICR of EAA was affirmed at A-1+. The recent positive action on the long-term ICR has been based on S&P’s belief that a major call on guarantees for EAA has become less likely than before.


Press reports

Current vacancies at EAA

Erste Abwicklungsanstalt relies on the commitment of its employees. That is why constantly fostering and developing their motivation, skills and abilities is our central aim. We are looking for the best employees.

Current vacancies at EAA Group

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