Summary sheet
This is a mezzanine asset backed security guarantee on an existing portfolio of assets in Germany, in return for on lending to new energy efficiency projects for private individuals in Germany.
The proposed operation concerns a mezzanine tranche guarantee of up to €250m provided to Deutsche Bank AG on a granular synthetic securitisation of consumer loans and leases. The new originated portfolio will be originated by Deutsche Bank AG and its fully owned specialised housing subsidiary BHW Bausparkasse AG will comprise 100% green loans in Germany for the benefit of private individuals.
The proposed operation falls within the scope of the EIB's Environmental and Social Standards - "Standard 11 Intermediated Finance". The Borrower / Financial Intermediary has adequate capacity, systems and processes in place for identifying, assessing, managing and monitoring environmental, climate and social (ECS) risks related to the potential sub-projects benefitting from EIB support. The Final beneficiaries will be required to comply with applicable national and EU legislation in respect of environmental and social matters, as appropriate.
End beneficiaries will be individuals.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).
Documents
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Zero tolerance against fraud and corruption
The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.
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