position

"It is crucial that covered funding does not become arbitrary."

Dr. Louis Hagen, President,
Association of German Pfandbrief banks More

position

Harmonisation of covered bonds: “The decision in favor of a principle-based approach meets important demands of the vdp.”

Jens Tolckmitt, Chief Executive,
Association of German Pfandbrief banks More

analyse

Pfandbrief.market: Pfandbriefe as a sustainable funding instrument

In May 2018, Commerzbank hosted the annual vdp Pfandbrief breakfast in Frankfurt. The participants talk about obstacles to setting up a sustainable funding programme, their green plans for the future, greenwashing, SpaBol’s approach, the risks of premature regulation, the green investor landscape, the pricing of green bonds and more.

analyse

vdp property price index: 2nd quarter 2018

8,3%

popular downloads

Facts 2017, Pfandbrief banks' business figures

Real estate market Germany in early 2018

Factbook Pfandbrief 2017/2018

Legal Framework for Issuing Pfandbriefe

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Press releases
News

News 25/08/2018

Regulatory environment is taking shape

Dr. Louis Hagen, President of the Association of German Pfandbrief Banks (vdp) and Chairman of the Board of Management at Münchener Hypothe... More

News 24/08/2018

The Covered Bond Market in the First Half of 2018

Even more so than the question of how the third Covered Bond Purchase Programme (CBPP3) would be continued, the main focus of interest when this... More

Press release 10/08/2018

vdp-Index: Real estate prices rise further: growth momentum flattens slightly

vdp property price index up by 8.3 percent in the second quarter of 2018;
Jens Tolckmitt: “Although prices rose again considerably y... More

Press release 10/08/2018

vdp-Index: Real estate prices rise further: growth momentum flattens slightly

vdp property price index up by 8.3 percent in the second quarter of 2018;
Jens Tolckmitt: “Although prices rose again considerably y... More

Press release 11/05/2018

vdp-Index: German real estate market sees dynamic start to 2018

vdp property price index up by 8.8% in the first quarter of 2018 compared with corresponding period in 2017; Jens Tolckmitt: “But the pick... More

Press release 09/04/2018

Pfandbrief banks expect the rise in prices to slow down, but not a severe correction in the residential property market

German real estate market benefits further from very robust economic growth, high employment and low interest rates ...

All press releases

News 25/08/2018

Regulatory environment is taking shape

Dr. Louis Hagen, President of the Association of German Pfandbrief Banks (vdp) and Chairman of the Board of Management at Münchener Hypothe... More

News 24/08/2018

The Covered Bond Market in the First Half of 2018

Even more so than the question of how the third Covered Bond Purchase Programme (CBPP3) would be continued, the main focus of interest when this... More

News 25/06/2018

Pfandbriefe as a sustainable funding instrument

In May 2018, Commerzbank hosted the annual vdp Pfandbrief breakfast in Frankfurt. The participants talk about obstacles to setting up a sustaina... More

All vdp-News

Events
Workshops

27/09/18

vdp-Event

25th vdp-Pfandbrief-Forum

Frankfurt am Main, Germany

22/11/18

vdp-Cooperation

22nd Central European Covered Bond Conference

Budapest

28/11/18

vdp-Event

Annual Reception 2018

Berlin

29/11/18

vdp-Cooperation

6. afme/vdp Covered Bond Conference

Berlin

Events overview

Security

Excellent credit quality is one of the key reasons why national and international investors choose to invest in Pfandbriefe.

Spread data

The vdp provides an overview of the secondary market level for Jumbos and issues with a volume of at least EUR 500 million, which

Transparency reports

Section 28 of the German Pfandbrief Act requires Pfandbrief banks to provide detailed information about their cover pools

Long-term sustainable value

For several years, there has been intense discussion about how to identify a sustainable property value for financing purpose