Search
 

Commerzbank Makes Big NPL Sales

FRANKFURT, Germany—The country's second largest bank expects the loan portfolio sales to Oaktree and a joint venture of JP Morgan and Lone Star to reduce “both risk and complexity,” says Commerzbank's Sascha Klaus.

By Paul Bubny | Updated on July 01, 2015

FRANKFURT, Germany—Commerzbank AG said Wednesday it has reached agreements with US institutional investors on the sale of two portfolios of mainly non-performing commercial real estate loans. A joint venture of JP Morgan Chase and Lone Star Funds is acquiring a pan-European portfolio of loans, while Oaktree Capital Management is taking a German portfolio. The combined face value of the two portfolios is EUR 2.2 billion, or slightly more than US $3.2 billion.

Together, the two portfolios sold account for approximately 17% of the total of commercial real estate loans still held in the non-core asset segment as of March 31. Financial terms were not released, with Germany’s second largest bank citing confidentiality agreements.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.