Credit Europe Bank N.V. successfully completes first securitisation transaction

30.12.2008

In its first securitisation transaction in history, Credit Europe Bank N.V. successfully issued fixed-rate asset-backed notes, due 2020, with a total size of EUR 132.5 million. The transaction involves the sale of consumer loans originated by Credit Europe Bank through its Belgium and German branches to clients in the respective countries. The notes have been granted an A2 rating by Moody's Investors service.

Please find more details on http://www.crediteurope.nl/fb/sites/nl/nl/about/downloads/pdfs_about_us/financials/Moodys_Report_Dec_2008.pdf

Background Credit Europe Bank N.V.
Founded in 1994 in Amsterdam, Credit Europe Bank N.V. has grown towards a top 10 position in the Netherlands with a total balance of approximately Euro 9.6 billion as per end of 2008. The bank is under full supervision of the Dutch Central Bank (De Nederlandsche Bank). Credit Europe Bank currently employs over 6,000 professionals working in The Netherlands, Germany, Belgium, Malta, Russia, Switzerland, Romania, Ukraine, Dubai, China and Turkey.
Credit Europe Bank is focused on trade financing as well as direct retail banking. In retail banking, it has achieved a strong position by consistently offering competitive interest rates on savings accounts and deposits.  Find more information on www.crediteurope.nl

For further information, please contact: 
Credit Europe Bank N.V.     
Robert Bakker
robert.bakker@crediteurope.nl
Telephone: +31 20 3578069 / + 31 6 5152 7441

Omhoog  Print Versie