The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
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Eurohypo AG is one of the leading banks in real estate and public finance in the U.S. and Europe. As<br />
per the end of 2010 Eurohypo AG had assets of € 229 billion. <strong>The</strong> assets were divided into real estate<br />
loans of € 89 billion and lending to the public sector of € 111 billion. A core business-line of Eurohypo AG<br />
is commercial real estate finance. Developers and investors are avid takers of Eurohypo services which<br />
cover a wide spectrum of products from bridge loans to mortgages from interest rate derivatives to<br />
fx derivatives used to hedge these loans. Regarding public finance, the bank belongs to Europe’s top<br />
institutions. <strong>The</strong> strength of the bank is not only on the lending side – Eurohypo is the leader in covered<br />
bonds with acess to markets around the globe.<br />
Rating: Mortgage Public Short-term Long-term Financial<br />
<strong>Pfandbrief</strong>e <strong>Pfandbrief</strong>e liabilities liabilities strength<br />
Fitch AAA* AAA F1 A- –<br />
Moody‘s Aaa Aaa P-1 A3 D-*<br />
Standard & Poor‘s AAA AAA* A-2* A-* –<br />
*Outlook negative As of March 17, <strong>2011</strong><br />
Selected key figures<br />
2010<br />
€ million<br />
2009<br />
€ million<br />
Total assets<br />
229,010<br />
256,061<br />
Mortgage loan portfolio<br />
88,689<br />
95,868<br />
Mortgage loan commitments<br />
5,756<br />
3,031<br />
Public-sector loan portfolio (incl. Financial Institutions)<br />
110,591<br />
129,062<br />
116<br />
Public-sector loan commitments<br />
Total funds outstanding (registered and bearer bonds)<br />
40<br />
197,225<br />
119<br />
223,099<br />
Mortgage <strong>Pfandbrief</strong>e<br />
39,402<br />
45,741<br />
Public <strong>Pfandbrief</strong>e 1)<br />
63,276<br />
79,493<br />
Other refinancing<br />
94,547<br />
97,865<br />
Jumbo issues outstanding<br />
40,188<br />
53,388<br />
Refinancing funds raised<br />
8,029<br />
16,722<br />
Mortgage <strong>Pfandbrief</strong>e<br />
3,989<br />
9,777<br />
Public <strong>Pfandbrief</strong>e 2)<br />
3,794<br />
3,198<br />
Unsecured bonds<br />
246<br />
3,747<br />
Own funds as shown in the balance sheet – total –<br />
7,749<br />
8,231<br />
Core capital (without net income)<br />
3,515<br />
3,952<br />
Profit-sharing capital<br />
680<br />
716<br />
Subordinated liabilities<br />
2,654<br />
2,663<br />
Hybrid Capital<br />
900<br />
900<br />
Net interest income<br />
1,338<br />
1,288<br />
Administrative expenditure<br />
405<br />
434<br />
Operating result before risk provisions<br />
622<br />
659<br />
Risk provisions<br />
1,407<br />
1,174<br />
Operating result after risk provisions<br />
-785<br />
-515<br />
Income/Loss for the year<br />
-857<br />
-902<br />
1)<br />
including Lettres de Gage to amount of € 13.0 bn (previous year € 14.0 bn)<br />
2)<br />
including Lettres de Gage to amount of € 1.0 bn (previous year € 0.0 bn)<br />
Presence in electronic media:<br />
Contacts:<br />
Reuters: EUROHYPO01ff, Bloomberg: EHWP<br />
Reuters: EHYG.DE, Bloomberg: EURHYP, EHY GR<br />
Capital Market Funding: Franz-Josef Kaufmann Tel.: +49 69 136-81109 franz-josef.kaufmann@commerzbank.com<br />
Public Finance ALM/Funding: Gerald Rosenberger Tel.: +49 69 27138-1326 gerald.rosenberger@eurohypo.com<br />
Treasury: Manfred Bier Tel.: +49 69 27138-1105 manfred.bier@eurohypo.com<br />
Capital Market Communication: Libor Vincent Tel.: +49 69 2548-26519 libor.vincent@eurohypo.com
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