23 January 2020
Brussels, 23 January 2020 – For immediate release
The Covered Bond Label Foundation (CBLF) is pleased to announce that Südtiroler Volksbank – Banca Popolare dell’Alto Adige has joined the Covered Bond Label. As of today, the total number of cover pools under the Covered Bond Label stands at 131, which has been granted to 111 issuers across 20 jurisdictions globally.
Commenting on this development, Luca Bertalot, Covered Bond Label Foundation Administrator, said:
“It is with great pleasure that we welcome Südtiroler Volksbank to the Covered Bond Label family. This addition is particularly welcome as the joining of the Label of another Energy Efficient Mortgages Initiative pilot bank further strengthens the link between the Covered Bond Label and the new challenges of sustainable finance. Moreover, the adhesion to the Label of a regional bank with strong roots in the local fabric underlines the Industry’s commitment at all levels to transparency through the implementation of the Harmonised Transparency Template (HTT) and reinforces the pivotal role played by the Covered Bond Label.”
Martin Schweitzer, Südtiroler Volksbank’s CFO, said:
“Being a member of the Covered Bond Label family is the last step in our roadmap for the Covered Bond Programme. We are very happy to be the first institution in the region to join the Label. This further strengthens our long-lasting contacts with the ECBC, which is also reflected in our founding participation in the Energy efficient Mortgage Action Plan initiative.”
The Covered Bond Label is a quality label, the purpose of which is to highlight the security and quality of covered bonds to investors, and to further enhance recognition of and trust in the covered bond asset class.
The Covered Bond Label is open to all covered bond programmes that are compliant with the Covered Bond Label Convention and disclose their data by publishing the Harmonised Transparency Template (HTT). More information on all labelled issuers and the Label itself can be found on the Covered Bond Label website at www.coveredbondlabel.com.
Contact:
Luca Bertalot
Covered Bond Label Foundation (CBLF)
Tel. +32 2 285 40 33
This Press Release is available on the Covered Bond Label website here.
The European Covered Bond Council (ECBC) is the platform that brings together covered bond market participants including covered bond issuers, analysts, investment bankers, rating agencies and a wide range of interested stakeholders.
