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Commerzbank winds down commercial real estate arm

Commerzbank AG has completed the winding down of its wholly-owned subsidiary real estate and public financing unit Hypothekenbank Frankfurt AG, the former Eurohypo business, following a four-year drive to withdraw from commercial real estate financing and Public Finance, and to run down its existing loan portfolios. The two senior Board members - Sascha Klaus and Dirk Wilhelm Schuh - will leave Commerzbank Group at the end of the month.
CoStar News
May 18, 2016 | 7:00 P.M.

The remaining portfolios are being transferred out of Commerzbank’s internal bad bank into the ongoing operations of Germany's second-largest lender via the creation of Hypothekenbank Frankfurt’s successor company LSF Loan Solutions Frankfurt GmbH (LSF).

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