apoBank informs due to current market developments
Due to current market developments Deutsche Apotheker- und Ärztebank (apoBank) informs on its investments in collateralized credit structure and structured finance.
According to its traditional conservative risk guidelines apoBank strictly invests in collateralized credit structure and structured finance of high quality and rating only.
Currently there is no nameable need for impairments.
The latest crisis on the US mortgage market has no impact on apoBank. For years apoBank has not invested in the subprime market. The current exposure is of marginal importance, has minimal remaining time to maturity and is exclusively AAA rated.
The positive business development in the first six months of 2007 confirms the outlook for 2007 published in the Annual Report 2006.
Furthermore the Interim Report 6/2007 will confirm this information. The Interim Report will be published shortly.