History

1997     Luxemburg Central Mortgage Bond Institution Act passed in November
 
1999Establishment of the Bank on 16 February
Issue of banking licence as central mortgage bond institution on 23 September
 
2000First issue of a “Luxembourg mortgage bond” in January
Standard & Poor’s AAA rating for “Lettre de Gage Publique” on 30 August
 
2001New shareholder structure on 04 April – comfort letter by Commerzbank AG
 
2002Integration into the Commerzbank Group
 
2003Second largest foreign issuer in Switzerland - CHF 2.2 billion
Establishment of a EUR 7.5 billion multi-currency EMTN programme
 
2004Business continues to grow:
Increase in USD-subscribed issues
Cost-income ratio reduced to 32.23%
Return on equity increased to 14.65%
 
2006First Issue of a “Luxembourg mortgage bond” (Lettre de Gage Hypothécaire) in January
 
2009

EEPK makes capital cut and increases own capital to EUR 200 million; Commerzbank AG, Frankfurt is now exclusive shareholder link