EAA makes further progress in portfolio reduction and achieves break-even result

The EAA generated a surplus of EUR 0.3 million from January to June 2019. As expected, current income declined as a result of the ongoing portfolio reduction: the net interest result was a good EUR 41 million compared to commission expenses of just under EUR 9 million and general administrative expenses of around EUR 68 million.



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.



EAA Benchmark: Huge interest from international investors

Düsseldorf, 30 October 2018. Following two large bond issues at the beginning of the year, the EAA placed a further, USD 1 billion bond issue on the capital market in October. The price (nine basis points above 3-month USD Libor) was more attractive than had been expected by participating banks. Nearly 80% of the issue was underwritten by official institutions, primarily central banks.


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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