DEPFA Bank plc was until 2014 a Dublin-based German-Irish bank. It provided financial services to the public sector and also provided financing for larger infrastructure projects. The name derivates from DeutscheAt the end of the 1990s, the bank went through a legal restructuring, which led the bank to move its headquarters to the IFSC in Dublin, Ireland in 2002 with the Irish government specifically legislating for it. Depfa Bank was purchased by German mortgage giant Hypo Real Estate in October 2007.The bank ran into liquidity problems in 2008 as a result of the economic and financial turmoil in the United States. At the same time banking supervision in Ireland was very weak, soon to be proved by the 2008–2010 Irish banking crisis.