News

 

14.12.2023

Interim report as at 30 September 2023

The EAA’s economic situation in the first three quarters of 2023 was largely determined by its wind-up mission. The notional volume of the banking book fell 10.9% to EUR 7.0 billion. The notional volume of the trading portfolio declined by 7.2% to EUR 52.5 billion during the same period. The results after taxes of EUR -3.4 million are characterised in particular by general  administrative expenses of EUR 75.4 million and the net fee and commission result of EUR -15.0 million.

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12.12.2023

The EAA successfully defends itself

The Erste Abwicklungsanstalt AöR (EAA) has defended itself successfully in the legal dispute with Portigon AG. In its decision of 5 December 2023, the Federal Court of Justice rejected Portigon AG’s complaint against non-admission The judgement by the Higher Regional Court of Frankfurt am Main (OLG) of 21 December 2022 in favour of the EAA is therefore final and Portigon AG’s claim for exemption from cum-ex tax liabilities of the former WestLB AG is definitively unsuccessful.

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23.08.2023

Interim report as at 30 June 2023

The first half of the 2023 fiscal year continues to be encouraging for the EAA. The notional volume of the banking book fell 9.2% to EUR 7.1 billion. The notional volume of the trading portfolio declined by 5.7% to EUR 53.3 billion during the same period. The results after taxes of EUR -0.2 million are characterised in particular by general administrative expenses of EUR 37.9 million, the net fee and commission result of EUR -10.0 million and the net trading result of EUR 2.2 million.

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Press reports of EAA