Pfandbriefe LTVs disclosed, but comparison still challenging
German Pfandbrief issuers have been obliged to publish loan to value ratios for their cover pools from the second quarter, in the wake of an amendment to the Pfandbrief Act. Loan-to-value (LTV) levels are generally low by international standards, but such comparison would be misleading given German idiosyncrasies, said DZ Bank and Commerzbank analysts.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts