MKB Security Deposit AG Receives Banking Licence Of Part Of

The BFin Federal Institute for financial services has awarded the MKB security deposit AG a part of banking license for guarantee transactions in Germany. Berlin, June 1, 2011 – the Federal Agency for financial services (BFin) has granted the MKB security deposit AG a part of banking license for guarantee transactions in Germany. Thus, the way a long-standing target to track, set up an own bank in the real estate sector is the company. On this basis, it is possible not only to penetrate the residential real estate market, but to expand our product range”, as Bernd Schlutt Board of MKB security deposit of AG. As a first step, he announces the extension of the product SmartKaution for the commercial real estate market.

The conditions for the commercial sector are currently being assessed with market experts. The introduction of the product is planned for late summer. The previous product, SmartKaution, is offered at the present time in the residential real estate sector and enjoys great popularity both tenants and landlords. The SmartKaution replaces the cash deposit in the form of a bank guarantee and can online under around the clock be completed. While mainly financial freedom for the tenant, landlord through the Elimination of accounting can significantly reduce their administrative burden. Also, the safety of the landlord is strengthened, because the SmartKaution is unlimited, joint and several bank guarantee on first demand and guarantees a comprehensive credit assessment of the lessee. Press contact: Network marketing business – und Verlagsgesellschaft mbH Elena Jacobs Fasanenstrasse 47 10719 Berlin Tel + 49 (0) 30 81 46 46 0 43 fax + 49 (0) 30 81 46 46 046 E-Mail