3:03am 04/23/03
(AZ, DB, DE:802200, DE:803200) By Steve Goldstein
German banks are bundling billions of euros in loans to sell as asset-backed bonds into the international debt market, The Wall Street Journal said on Wednesday. State-owned bank Kreditanstalt fuer Wiederaufbau, Deutsche Bank (DB) , HypoVereinsBank (DE:802200) , Allianz (AZ) subsidiary Dresdner Bank, Commerzbank (DE:803200) and DZ Bank are expected to participate. The move should help German banks issue more credit to customers, the report said, without detailing how much the loan sale will be.
German banks plan collective loan sale:
WSJ(AZ, DB, DE:802200, DE:803200) By Steve Goldstein
German banks are bundling billions of euros in loans to sell as asset-backed bonds into the international debt market, The Wall Street Journal said on Wednesday. State-owned bank Kreditanstalt fuer Wiederaufbau, Deutsche Bank (DB) , HypoVereinsBank (DE:802200) , Allianz (AZ) subsidiary Dresdner Bank, Commerzbank (DE:803200) and DZ Bank are expected to participate. The move should help German banks issue more credit to customers, the report said, without detailing how much the loan sale will be.
