Examples of using Soffin in English and their translations into German
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Financial
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Colloquial
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Official
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Ecclesiastic
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Medicine
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Ecclesiastic
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Political
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Computer
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Programming
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Official/political
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Political
SoFFin a 17.2% shareholder of Commerzbank AG.
But the HRE belongs to the government as the SoFFin does too.
SoFFin starts placement of shares in Commerzbank AG.
Aareal Bank, Aareal Holding and SoFFin conclude definite agreements.
SoFFin completes placement of shares in Commerzbank AG.
The plan submitted is based on the budget presented to SoFFin in March.
SoFFin is aiming at a complete takeover of the shares in HRE.
Even here in Germany and Europe, special institutions, such as SoFFin or ESM, were established.
Aareal Holding and SoFFin sign ancillary voting agreement as announced.
I hope you will understand that we cannot comment in public on details of our agreement with Soffin.
SoFFin holds 90 percent stake in Hypo Real Estate Holding AG(HRE) following capital increase.
In our planning, we are assuming that Soffin will no longer be on board as at mid-year.
Million reflected- amongst other things-€ 17 million in running costs for the guarantee facility extended by SoFFin.
Core Tier 1 ratio excluding hybrid capital and SoFFin silent participation of 8.1 per cent* as at 31 December 2010.
SoFFin will subsequently fully exercise its subscription rights subject to customary conditions by converting part of its silent participation in the amount of approx.
In return, the transferring institution pays a guarantee fee adequately reflecting the risk connected to the transferred securities to the Government the SoFFin.
CEO Dr Wolf Schumacher: SoFFin contributed to secure Aareal Bank's fully viable business model in a difficult market phase.
In return, the transferring institution receives bonds for the same value issued by the SPV andguaranteed by the Sonderfonds Finanzmarktstabilisierung( SoFFin, Financial Market Stabilisation Fund), i.e. by the State.
The SoFFin guarantee facility, which was applied for in 2008 and utilisation of which peaked at EUR 17 billion, was thereby repaid on schedule.
The figure of-€ 8 million for the first nine months includes project expenditure(including legal and advisory costs) of€ 6 million incurred in the firstquarter in conjunction with the support measures agreed between SoFFin and the Bank.
The guarantee facility agreed upon with SoFFin provides the bank with a solid base for its refinancing, broadening its funding flexibility in the years to come.
The Group's profitability remains high enough, not only to absorb the various difficulties thrown up by the financial markets crisis and the consequences of the weak economy butalso to bear the additional costs incurred within the scope of the agreement with SoFFin", said Dr Wolf Schumacher, Chairman of the Management Board of Aareal Bank AG.
SoFFin is committed to exercise in full its subscription rights at the rights issue subscription price by converting part of its silent participation in the amount of approx.
Ii the ECB welcomes the fact that the SoFFin, as well as the newly created FMSA, is organisationally separate from the Deutsche Bundesbank, as recommended in Opinion CON/ 2008/57.
SoFFin holds 47.31 percent of Hypo Real Estate Holding AG(HRE) after expiration of acceptance period- the takeover to stabilize HRE by the Federal Republic of Germany can be continued swiftly.
In the course of this process, all bonds guaranteed by the SoFFin will be completely transferred to FMS Wertmanagement, gradually phased out at the latest by the middle of next year and replaced by respective issuances of FMS Wertmanagement.
In addition, SoFFin will grant Aareal Bank a guarantee facility for new, unsecured issues with a maximum maturity of 36 months for a total volume of up to€ 4 billion.
As planned, SoFFin will initiate a squeeze-out under German stock corporation law in order to proceed with the restructuring of HRE after finalising the complete takeover of the company.
Commerzbank AG, the SoFFin and the FMSA do not intend to register any part of the offering in the United States or to conduct a public offering of any securities in the United States.
The voting agreement entered into in 2009 between SoFFin and Aareal Holding Verwaltungsgesellschaft mbH("Aareal Holding"), the Bank's anchor shareholder, will also terminate soon after the conclusion of SoFFin support. At the time, this voting agreement was concluded in the context of SoFFin's support, in order to maintain Aareal Holding's blocking minority.