Interim report as at 30 September 2021

The first nine months of the 2021 fiscal year went well for the EAA in operational terms. The portfolio of loans and securities declined by EUR 1.8 billion to EUR 10.9 billion by 30 September 2021. The trading portfolio decreased in the same period by EUR 22.1 billion to EUR 72.5 billion in notional terms. By selling another Italian bond in the third quarter of 2021, the EAA’s concentration risk has significantly been reduced.



EAA ordered to pay to Portigon AG

With judgement dated 29 September 2021, the Regional Court of Frankfurt/Main has ordered Erste Abwicklungsanstalt AöR (EAA) to pay to Portigon AG approx. EUR 1 bn. Portigon AG claims from EAA to be held harmless from such tax claims. EAA is convinced that there is no legal basis for such claim. Therefore, EAA will appeal against the decision of the Regional Court of Frankfurt/Main.



Interim report as at 30 June 2021

The EAA has made further progress in implementing its wind-up mission. The portfolio of loans and securities was reduced by EUR 1.3 billion to EUR 11.4 billion in the first six months of the fiscal year and the notional volume in the trading portfolio was reduced by EUR 12.2 billion to EUR 82.3 billion. The continued reduction of high-risk exposures is particularly pleasing.


Press reports of EAA