Own property means property owned by the Bank or its subsidiary companies in which the Bank or its subsidiary companies hold ownership rights.
The pledged real estate is owned by individuals or companies that are subject to enforcement proceedings or asset sales in insolvency procedures.
An auction (also referred to as a bidding or sale by auction) is a public sale in which the goods are awarded to the buyer offering the highest price. Auctions may be attended by private individuals and legal entities that have previously paid a deposit. The deadline for payment, the amount, and the account for the deposit transfer are usually specified in the public auction notice.
Investor portfolios are a selection of carefully chosen items of property which represent a unique investment opportunity intended for a specific group of investors. Generally, they are intended for large institutional investors and have great investment potential.