The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
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HSH Nordbank is a dependable partner to the business community in northern Germany. Regionally the<br />
Bank is focused on the corporate client, private banking as well as savings bank segments and does real<br />
estate with main focus Germany. It operates globally in the regionally key industries of shipping, transportation<br />
and energy. Its Capital Markets segment develops solutions and products for all clients.<br />
In May 2006, HSH Nordbank received a license from the Federal Financial Supervisory Authority (BaFin)<br />
to issue all former three types of <strong>Pfandbrief</strong>e pursuant to the new <strong>Pfandbrief</strong> Act (PfandBG) that came<br />
into force on July 19, 2005. HSH Nordbank is thus one of the few <strong>Pfandbrief</strong>banks which manage three<br />
collateral pools i. e. it issues public <strong>Pfandbrief</strong>e, mortgage <strong>Pfandbrief</strong>e and ship <strong>Pfandbrief</strong>e.<br />
Rating: Mortgage Public Ship- Guaranteed Guaranteed Counterparty<br />
<strong>Pfandbrief</strong>e <strong>Pfandbrief</strong>e pfandbriefe short-term liabilities long-term liabilities credit<br />
Moody‘s Aaa Aaa A2 P-1 Aa1 A3<br />
Selected key figures<br />
2010<br />
€ million<br />
2009<br />
€ million<br />
Total assets<br />
163,016<br />
184,971<br />
Mortgage loan portfolio<br />
24,200<br />
30,963<br />
Residential loans<br />
7,500<br />
9,867<br />
Commercial loans<br />
16,700<br />
21,096<br />
of which cross-border<br />
14,800<br />
18,533<br />
Mortgage loan commitments<br />
474<br />
485<br />
Residential loans<br />
186<br />
190<br />
120<br />
Commercial loans<br />
of which cross-border<br />
298<br />
51<br />
295<br />
95<br />
Public-sector loan portfolio<br />
10,720<br />
15,800<br />
of which cross-border<br />
762<br />
389<br />
Public-sector loan commitments<br />
0<br />
95<br />
of which cross-border<br />
0<br />
0<br />
Total funds outstanding (registered and bearer bonds)<br />
Mortgage <strong>Pfandbrief</strong>e<br />
6,240<br />
6,131<br />
Public <strong>Pfandbrief</strong>e<br />
10,722<br />
12,698<br />
Ship <strong>Pfandbrief</strong>e<br />
2,560<br />
2,580<br />
Jumbo issues outstanding<br />
0<br />
2,000<br />
Refinancing funds raised<br />
Mortgage <strong>Pfandbrief</strong>e<br />
568<br />
2,697<br />
Public <strong>Pfandbrief</strong>e<br />
500<br />
230<br />
Ship <strong>Pfandbrief</strong>e<br />
120<br />
1,198<br />
Unsecured bonds<br />
43,463<br />
58,353<br />
Own funds as shown in the balance sheet – total –<br />
11,269<br />
12,227<br />
Core capital (without net income)<br />
5,992<br />
6,572<br />
Profit-sharing capital<br />
132<br />
439<br />
Subordinated liabilities<br />
5,145<br />
5,216<br />
Net interest income<br />
1,712<br />
1,624<br />
Administrative expenditure<br />
-801<br />
-796<br />
Operating result before provisions for risks<br />
420<br />
571<br />
Provisions for risks<br />
-929<br />
-2,189<br />
Operating result after provisions for risks<br />
-509<br />
-1,618<br />
Income for the year<br />
-219<br />
-816<br />
Presence in electronic media: Reuters, Bloomberg<br />
Contacts:<br />
Timm Höynck, UB GroupTreasury Tel.: +49 40 3333-11293 timm.höynck@hsh-nordbank.com<br />
Christian Pechel, UB GroupTreasury Tel.: +49 40 3333-25631 christian.pechel@hsh-nordbank.com<br />
Lars Tillmeier, UB GroupTreasury Tel.: +49 40 3333-25633 lars.tillmeier@hsh-nordbank.com<br />
Günter Femers, Investor Relations / Rating Tel:. +49 40 3333-14601 günter.femers@hsh-nordbank.com
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