The company’s liquidation is proceeding; intensive attention to remaining non-performing loans and legal risks is required

23.06.2026

In fiscal year 2025, the Frankfurt-based company OWH SE i.L. (OWH), which is in liquidation, reduced its total assets by approximately 5.3 percent from EUR 2.27 billion to EUR 2.15 billion. As in previous years, this reduction was primarily due to the repayment of loans. As a result, this key parameter for the liquidation process – loans to customers -decreased year-over-year by approximately 31 percent, from EUR 1.15 billion to EUR 786 million.

At the same time, receivables from banks increased significantly from EUR 562 million to EUR 882 million, as OWH is able to invest the repayments received in interest-bearing instruments. Liabilities to banks and customers stood at approximately EUR 302 million as of the balance sheet date, compared to EUR 359 million in the previous year. Subordinated liabilities amounted to EUR 787 million.

The net loss for the fiscal year amounts to EUR 2.5 million. Shareholders’ equity as of the balance sheet date amounts to EUR 936 million.

“Reducing liabilities is sometimes problematic or even impossible due to regulatory obstacles. We need to find suitable solutions for this—but we are dependent on assistance from government agencies,” says CFO Miro Zadro, one of OWH’s two liquidators. “At the same time, as we continue to reduce our credit exposure, the proportion of non-performing loans in the remaining portfolio naturally increases, and we are addressing this issue very intensively.”

The 2025 Annual Report, containing all details and further explanations, is available for download on the OWH website via this link.