Valovis Bank

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  Valovis Bank AG
logo
Country GermanyGermany Germany
Seat eat
legal form Corporation
founding December 19, 2001
resolution July 3, 2018 (return of banking license) ; February 1, 2019 (liquidation company)
Website www.valovis.com
management
Board
  • Gerrit Raupach (Chairman)
  • Thorsten Drescher
Supervisory board Thomas A. Lange (Chairman)

Template: Infobox_Kreditinstitut / Maintenance / ID is missing

The Valovis Bank AG was a bank based in Essen . Since the beginning of 2013, the bank has been downsized in the going concern in a way that preserves its value.

Karstadt Hypothekenbank AG was founded in December 2001 to carry out mortgage banking transactions and renamed Valovis Bank AG on March 9, 2007. It had share capital of EUR 125 million and equity of EUR 260.9 million. In March 2002, the first Pfandbrief for EUR 10 million was issued on the Düsseldorf Stock Exchange.

Valovis Bank AG held all shares in Valovis Commercial Bank AG (until March 2010: KarstadtQuelle Bank ) and in Universum Inkasso GmbH . On September 16, 2011, Valovis Commercial Bank AG was merged retrospectively with the entry in the commercial register as of January 1, 2011 with Valovis Bank AG. It thus united five core business areas under one roof: credit card, sales financing, SME factoring , consumer factoring and real estate financing. The sole owner of the corporate group was KarstadtQuelle Employee Trust e. V.

As announced in May 2012, Valovis Bank received a guarantee of EUR 100 million from the deposit protection fund of the Association of German Banks (BdB) at the end of 2011 in order to avert a situation that would have arisen from the write-off of Greek government bonds. With a contract dated October 1, 2012, the BdB's deposit protection fund took over the shares.

In July 2013 it became known that Valovis will be dismantled.

In December 2013, Targobank announced that it would take over major parts of the private customer business in the first half of 2014, in particular the credit card business with around 800,000 customers. The takeover was completed on May 30, 2014. Valovis Bank's Neu-Isenburg location was closed on December 31, 2015.

Valovis Bank sold the Universum Group, which it owned, by means of a management buyout .

Axel Wieandt ended his position as CEO of Valovis Bank on June 30, 2015. He was succeeded by Gerrit Raupach, who is to lead the bank together with Thorsten Drescher until 2018 [out of date] .

The banking license was returned on July 3, 2018, and the company now traded under the name "ENDIR 1 Abwicklungsgesellschaft mbH". The liquidation of the company was announced in the Federal Gazette on February 1, 2019.

Web links

Footnotes

  1. ↑ Imprint. In: valovisbank.de. Retrieved June 10, 2016 .
  2. ↑ Annual financial statements as of December 31, 2015 in the eBundesanzeiger
  3. ↑ Base prospectus. Valovis Bank, September 2009, p. 51 , accessed on June 10, 2016 .
  4. ↑ Committees decide to merge to form Valovis Bank AG. Valovis Bank, August 16, 2011, accessed June 10, 2016 .
  5. ↑ Rolf Lebert: Guarantee keeps Valovis Bank from closing. In: Financial Times Germany . May 29, 2012, archived from the original on May 31, 2012 ; accessed on June 10, 2016 .
  6. ↑ Ad hoc announcement in accordance with Section 15 WpHG. Valovis Bank, October 2, 2012, accessed June 10, 2016 .
  7. ↑ The former Karstadt-Quelle-Bank Valovis is dismantled. In: Handelsblatt. July 23, 2013, accessed June 10, 2016 .
  8. ↑ Targobank fleddd the former Karstadt bank. In: Handelsblatt. December 2, 2013, accessed June 10, 2016 .
  9. ↑ Valovis Bank AG sells retail business to TARGOBANK. Valovis Bank, December 2, 2013, accessed June 10, 2016 (press release).
  10. ↑ FAZ of December 3, 2013, p. 14.
  11. ↑ Valovis Bank completes the sale of the retail business to TARGOBANK. Valovis Bank, June 2, 2014, accessed June 10, 2016 (press release).
  12. ↑ About us. In: www.valovisbank.de. Retrieved June 10, 2016 .
  13. ↑ Management acquires Universum Group from the previous owners. Valovis Bank, May 26, 2014, accessed June 10, 2016 (press release).
  14. ↑ Florian Bamberg: Axel Wieandt is leaving Valovis Bank. In: Finance magazine. March 4, 2015, accessed June 10, 2016 .
  15. ^ Annette Becker: Association ends Valovis Bank support case . Bank license returned - BdB insists on resolution option in European deposit insurance system . In: Börsen-Zeitung . July 4, 2018, p. 2 ( boersen-zeitung.de [accessed on July 5, 2018]).
  16. ↑ Valovis Bank in the BaFin company database

Coordinates: 51 ° 25 ′ 3.3 ″  N , 6 ° 58 ′ 53.8 ″  E