Reported 8 months ago
Deutsche Bank AG has agreed to purchase approximately €1.7 billion ($1.8 billion) worth of aviation loans from NordLB as NordLB exits the aviation sector to focus on renewable energy financing. Deutsche Bank will take over the assets starting from the end of this month after a successful bidding process, while NordLB will continue winding down the remaining €1.1 billion of its aviation portfolio over time. The deal is expected to close in the second half of 2024.
Source: YAHOO