position

"The Pfandbrief consolidated its position as an indispensable element of the strategic funding mix."

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, increase compared with corresponding period in 2017

8,8%

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 25/06/2018

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

News 24/05/2018

Harmonization of covered bonds must not lead to a dilution of the high-quality product

Jens Tolckmitt, Chief Executive of the Association of German Pfandbrief Banks, viewpoint to harmonization of covered bonds

News 18/05/2018

vdp-Expert: Completion Capital Markets Union, Draft Directive of the European Commission on Covered Bonds

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 ...

Press release 12/03/2018

vdp welcomes European Commission's proposal on harmonisation of covered bonds

"As expected, the proposed directive is principle-based and lists all the key quality characteristics of covered bonds. ...

All press releases

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

News 24/05/2018

Harmonization of covered bonds must not lead to a dilution of the high-quality product

Jens Tolckmitt, Chief Executive of the Association of German Pfandbrief Banks, viewpoint to harmonization of covered bonds

News 18/05/2018

vdp-Expert: Completion Capital Markets Union, Draft Directive of the European Commission on Covered Bonds

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

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