Marketing
The Arch Mortgage Insurance dac, “Arch,” on Friday, October 26, announced it has completed a capital relief transaction on a €3 billion subset of a residential mortgage loan portfolio of ING DiBa A.G., a wholly owned subsidiary of ING Bank N.V. The deal is the first of its kind in the European mortgage market and represents a valuable new tool for financial institutions in managing their regulatory capital.
“Arch is delighted to complete a transaction that supports mortgage lending in Germany,” said Beau Franklin, President and Chief Executive Officer of Arch’s International Mortgage Group. “Arch is committed to bringing innovative products to market and taking a leadership role in providing capital relief solutions on residential mortgage loans globally.”
Arch Mortgage Insurance dacis based in Dublin and provides efficient and innovative credit risk management and capital optimisation solutions to clients throughout Europe. Arch is a highly rated and highly capitalised mortgage insurance company authorised and regulated by the Central Bank of Ireland.
– Oct. 29, 2018 @ 14:49 GMT |
Tags: Arch Mortgage Insurance dac completes first-of-its-kind Capital Relief Transaction
