2023-08-04 04:00:00
Rolf Elgeti
The Obotritia money house is part of the company portfolio of the well-known real estate investor.
(Photo: The photo is privately owned by Elgeti)
Frankfurt The Munich bank Obotritia is due to the real estate crisis and the requirements of the financial regulator Bafin before the end. Corresponding Handelsblatt research confirmed the money house, which belongs to the company portfolio of the well-known real estate investor Rolf Elgeti.
The bank explained: “The shareholder has decided together with the management of Bankhaus Obotritia GmbH to discontinue the new customer business and to let the existing lending and deposit business expire in accordance with the contract.” The shareholder is Obotritia Capital KGaA, its personally liable partner Elgeti is.
“The reasons for the orderly winding down of existing transactions are the changed market environment – in addition to the progress in the turnaround in interest rates, the situation on the real estate and real estate financing market – and the increased requirements of banking supervision,” explained the bank.
The management of the institute is coordinating its plan for the voluntary reduction of business with the Bafin. “The contractual treatment of all existing customer contracts is taken into account.” A voluntarily set up supervisory board monitors the planned development of the business reduction.
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