DB GERMANY ENHANCED SUPPORT FOR EE II

Promoter – Financial Intermediary

DEUTSCHE BANK AG

Location

• Germany

Description

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.

Objectives

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.

Sector(s)

• Industry - Construction

Proposed EIB finance (Approximate amount)

EUR 250 million

Total cost (Approximate amount)

EUR 600 million

Environmental aspects

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.

Procurement

End beneficiaries will be individuals.

Status

Signed - 12/12/2024