Depfa Bank, a Dublin-based subsidiary of Germany's Hypo Real Estate Group, said it has opened a branch office in Warsaw. The branch in the Polish capital is headed by Pawel Pilatkowski and has a total staff of five. Defra has had a Warsaw presence since 2005, when it opened up a representative office in the city.

Depfa Bank, a Dublin-based subsidiary of Germany's Hypo Real Estate Group, said it has opened a branch office in Warsaw. The branch in the Polish capital is headed by Pawel Pilatkowski and has a total staff of five. Defra has had a Warsaw presence since 2005, when it opened up a representative office in the city.

In Poland, Depfa said it offers financial services to all administration levels in the public sector, and in particular assists the Republic of Poland with its overall sovereign funding activity, both as an underwriter and an investor. Defra also provides budget financing to the country's local governments, as well as tailor-made funding solutions for infrastructure projects.

Hypo Real Estate acquired Depfa Bank in 2007. Depfa is a large-scale provider of financing for both the public sector and commercial real estate.