Deutsche Bank’s Trust and Securities Services (TSS) team has supported Bank11 für Privatkunden und Handel GmbH (Bank11) with its 16th public German auto loan receivables transaction under its well-established RevoCar securitisation platform.

RevoCar, acting for and on behalf of its Compartment 2025-1, issued five floating rate asset-backed notes totalling €600m, all of which are due in 2038. The loans, covering many different manufacturer brands, were granted to private and commercial clients of Bank11 to finance new (33.81%) and used (66.19%) vehicles.

TSS is providing all core roles including account bank, interest determination agent, cash administrator and paying agent.

“We are excited to work with Bank11 on its latest German auto ABS transaction and add them to our ever-growing and market-leading ABS platform in Europe”, said Jason Connery, Head of Corporate Bank UK & Ireland in addition to TSS Europe at Deutsche Bank. “We look forward to cultivating a long-term relationship with Bank11 and supporting them with their future securitisation needs.”