The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
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With total assets of € 63.4 billion and a mortgage loan portfolio of € 21.4 billion, DG HYP, founded in<br />
1921, ranks among Germany’s leading mortgage banks. As the biggest mortgage bank in the Cooperative<br />
Financial Services Network, DG HYP has attractive financing solutions to offer business investors and<br />
public authorities. Mortgage and Public <strong>Pfandbrief</strong>e make up the main basis of DG HYP’s funding operations,<br />
and comprise issues outstanding in the aggregate amount of € 40.8 billion – € 11.1 billion of which<br />
are Jumbos. For Mortgage and Public <strong>Pfandbrief</strong>e, cover assets are syndicated into separate cover pools<br />
which are exclusively secured by first-ranking real estate mortgages or public sector loans. By means<br />
of the Electronic Calculation Of Cover (EDR), the cover assets will be calculated based on the provisions<br />
of the German <strong>Pfandbrief</strong> Act (PfandbG) as well as the requirements imposed by rating agencies. Institutional<br />
investors value the AAA-rated <strong>Pfandbrief</strong>e issued by DG HYP as a sound investment.<br />
Rating: Mortgage Public Short-term Long-term<br />
<strong>Pfandbrief</strong>e <strong>Pfandbrief</strong>e Liabilities Liabilities<br />
Fitch – – F1+ A+/stable<br />
Standard & Poor‘s AAA AAA A-1 A/stable<br />
Selected key figures<br />
2010<br />
€ million<br />
2009<br />
€ million<br />
Total assets<br />
63,443<br />
68,075<br />
Mortgage loan portfolio<br />
21,437<br />
21,235<br />
98<br />
Residential loans<br />
Commercial loans<br />
9,777<br />
11,660<br />
11,069<br />
10,166<br />
of which cross-border<br />
3,928<br />
3,224<br />
Mortgage loan commitments<br />
4,613<br />
4,174<br />
Residential loans<br />
776<br />
282<br />
Commercial loans<br />
3,837<br />
3,892<br />
of which cross-border<br />
1,317<br />
1,453<br />
Public-sector loan portfolio<br />
33,297<br />
38,643<br />
of which cross-border<br />
12,878<br />
14,887<br />
Public-sector loan commitments<br />
634<br />
550<br />
of which cross-border<br />
0<br />
0<br />
Total funds outstanding (registered and bearer bonds)<br />
43,494<br />
57,771<br />
Mortgage <strong>Pfandbrief</strong>e<br />
14,403<br />
14,080<br />
Public <strong>Pfandbrief</strong>e<br />
26,431<br />
37,419<br />
Unsecured bonds<br />
2,660<br />
6,272<br />
Jumbo issues outstanding<br />
11,125<br />
15,625<br />
Refinancing funds raised<br />
7,425<br />
3,755<br />
Mortgage <strong>Pfandbrief</strong>e<br />
4,205<br />
2,021<br />
Public <strong>Pfandbrief</strong>e<br />
50<br />
0<br />
Unsecured bonds<br />
104<br />
122<br />
Promissory notes<br />
3,066<br />
1,612<br />
Own funds as shown in the balance sheet – total –<br />
2,144<br />
2,092<br />
Core capital (without net income)<br />
1,407<br />
1,426<br />
Profit-sharing capital<br />
56<br />
56<br />
Subordinated liabilities<br />
681<br />
610<br />
Net interest income<br />
204<br />
165<br />
Administrative expenditure<br />
97<br />
123<br />
Operating result before provisions for risks<br />
131<br />
68<br />
Provisions for risks<br />
-223<br />
-203<br />
Operating result after provisions for risks<br />
-92<br />
-135<br />
Income for the year<br />
–<br />
–<br />
Presence in electronic media: Reuters: DGHYP<br />
Treasury:<br />
Patrick Ernst, Head of Treasury Tel.: +49 40 33 34 22 05 patrick.ernst@dghyp.de
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