With Allgemeine Hypothekenbank Rheinboden’s (AHBR) balance sheet of about €75bn – about two-thirds in public sector loans and a third in mortgage loans – Lone Star first had to negotiate a large liquidity facility to replace the emergency measures provided by the German banks and backed by the deposit protection system.
As the economic and regulatory landscape across Europe continues to harmonise, business models must change to sustain competitive advantage. Evolving with the new environment has been a key catalyst in Citi’s cash management strategy, MD Naveed Sultan tells The Banker’s Neil Tyler.