(As mentioned, our own two, ACC and ICC, were sold off to foreign concerns at the turn of the millennium.) But the crisis and the sweeping failure of privately-owned banks has reignited the debate. One of the success stories is the German Government’s KfW.
But amidst all the change, it was essential that the Pfandbrief stayed true to its core brand concept, which was to provide the necessary security for long-term funding and investment. Going forward, this consistency will continue to be crucial. 7 Conclusion Ladies and gentlemen, Do you remember the saying?