The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
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Düsseldorfer Hypothekenbank refinances its lending business by means of public sector <strong>Pfandbrief</strong>e<br />
(covered bonds), covered mortgage bonds and uncovered bonds and loans. When structuring these issues,<br />
the focus is put on the specific needs of the investors. <strong>The</strong> AAA rating for the public sector <strong>Pfandbrief</strong>e<br />
of the Bank has remained unchanged for a number of years. To protect this top rating, Düsseldorfer<br />
Hypothekenbank pursues consistent risk management.<br />
Rating: Public sector <strong>Pfandbrief</strong>e Long-term Issuer Default Rating Outlook<br />
Fitch AAA BBB- stable<br />
As at July 2, 2010<br />
Selected key figures<br />
2010<br />
€ million<br />
2009<br />
€ million<br />
Total assets<br />
20,641.9<br />
24.170.0<br />
Mortgage loan portfolio<br />
1,594.6<br />
1,796.0<br />
Residential loans<br />
197.9<br />
377.0<br />
Commercial loans<br />
1,396.7<br />
1,419.0<br />
of which cross-border<br />
958.6<br />
1,055.7<br />
Mortgage loan commitments<br />
0<br />
5.0<br />
Residential loans<br />
0<br />
0.0<br />
Commercial loans<br />
0<br />
5.0<br />
of which cross-border<br />
0<br />
0.0<br />
Public-sector loan portfolio<br />
16,232.0<br />
17,744.0<br />
112<br />
of which cross-border<br />
Public-sector loan commitments<br />
11,149.0<br />
0<br />
11,489.0<br />
2.0<br />
of which cross-border<br />
0<br />
0.0<br />
Total funds outstanding (registered and bearer bonds)<br />
12,201.1<br />
14,294.0<br />
Mortgage <strong>Pfandbrief</strong>e<br />
812.0<br />
839.0<br />
Public <strong>Pfandbrief</strong>e<br />
7,863.1<br />
9,691.0<br />
Unsecured bonds<br />
2,400.0<br />
2,510.0<br />
Promissory notes<br />
1,126.0<br />
1,254.0<br />
Jumbo issues outstanding<br />
1,920.0<br />
3,089.0<br />
Refinancing funds raised<br />
4,661.0<br />
4,535.0<br />
Mortgage <strong>Pfandbrief</strong>e<br />
110.0<br />
120.0<br />
Public <strong>Pfandbrief</strong>e<br />
0.0<br />
250.0<br />
Unsecured bonds<br />
2,425.0<br />
2,500.0<br />
Promissory notes<br />
2,126.0<br />
1,665.0<br />
Own funds as shown in the balance sheet – total –<br />
662.5<br />
307.0<br />
Core capital (without net income)<br />
872.7<br />
499.0<br />
Profit-sharing capital<br />
14<br />
39<br />
Subordinated liabilities<br />
205<br />
55<br />
Net interest income<br />
6<br />
55<br />
Administrative expenditure<br />
24<br />
24<br />
Operating result before provisions for risks<br />
-30<br />
14<br />
Provisions for risks<br />
9<br />
-12<br />
Operating result after provisions for risks<br />
-21<br />
2<br />
Income for the year<br />
-20<br />
2<br />
Presence in electronic media: Reuters: DUESSHYP01, 02, 03, 04<br />
<strong>Pfandbrief</strong>e and other investment products, public-sector loans, derivatives:<br />
Andreas Wodara Tel.: +49 211 86720-200 andreas.wodara@duesshyp.de<br />
Herbert Weimer Tel.: +49 211 86720-203 herbert.weimer@duesshyp.de<br />
Michael Zeppenfeld Tel.: +49 211 86720-202 michael.zeppenfeld@duesshyp.de<br />
Patrick Nix Tel.: +49 211 86720-201 patrick.nix@duesshyp.de
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