Top German savings bank joins ranks of GCPF private investors
Die Sparkasse Bremen, one of Germany’s largest savings banks with total assets of EUR 11 billion, has joined the ranks of the Global Climate Partnership Fund’s private investors.
Die Sparkasse Bremen has acquired notes issued by GCPF especially for Sparkasse Bremen. Notes in the fund benefit from special capital protection thanks to backing by public investors including the German government and the KfW development bank.
Speaking on behalf of Die Sparkasse Bremen, Dr. Sascha Otto, Head of Securities Management, explained: “This purchase allows the savings bank to cover the increasing needs of its customers with regards to sustainable investments. The objective of Sparkasse Bremen is to reduce its environmental footprint. With this investment, we are making a contribution to climate protection - an idea that is easy to communicate to clients. In addition, the interest payments on offer and the creditworthiness of the issuer suited our investment profile in asset management.”
“In addition to the climate protection angle, the interest payments on offer and the creditworthiness of the issuer suited our investment profile.”
Dr. Sascha Otto, Head of Securities Management, Die Sparkasse Bremen AG
Speaking on behalf of GCPF, chairperson Claudia Arce added: “We are delighted to welcome yet another private investor in the Fund who is convinced of the opportunity offered by an investment in GCPF: to reduce their environmental footprint via a secure investments yielding attractive returns.”