The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
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M.M.Warburg & CO Hypothekenbank AG offers mortgage, ship and public-sector loans. Its operations<br />
focus on commercial properties as well as on residential, office and retail premises in Germany’s metropolitan<br />
areas. Moreover, acting jointly with other specialist companies of the Warburg Group, Warburg<br />
Hyp is also in a position to provide complex project financing as well as other services and products from<br />
the real estate value added chain. Strict risk management procedures are in place to ensure the high<br />
recoverability of the cover assets. Warburg Hyp refinances itself by issuing registered and bearer <strong>Pfandbrief</strong>e;<br />
the volume of individual issues ranges between € 2 million and € 20 million, with maturities of<br />
up to 10 years. Besides fixed-rate <strong>Pfandbrief</strong>e, the bank also offers floating-rate <strong>Pfandbrief</strong>e on a Euribor<br />
basis. Bank bonds and money market transactions round up Warburg Hyp’s product portfolio for refinancing<br />
its lending activities.<br />
Selected key figures<br />
2010<br />
€ million<br />
2009<br />
€ million<br />
Total assets<br />
1,551<br />
1,775<br />
Mortgage loan portfolio<br />
1,211<br />
1,110<br />
Residential loans<br />
186<br />
174<br />
Commercial loans<br />
1,025<br />
936<br />
of which cross-border<br />
19<br />
12<br />
Mortgage loan commitments<br />
185<br />
198<br />
Public-sector loan portfolio<br />
228<br />
288<br />
of which cross-border<br />
0<br />
0<br />
132<br />
Public-sector loan commitments<br />
of which cross-border<br />
47<br />
0<br />
6<br />
0<br />
Ship loan portfolio<br />
32<br />
73<br />
of which cross-border<br />
0<br />
0<br />
Ship loan commitments<br />
0<br />
6<br />
of which cross-border<br />
0<br />
0<br />
Total funds outstanding (registered and bearer bonds)<br />
1,197<br />
1,135<br />
Mortgage <strong>Pfandbrief</strong>e<br />
805<br />
806<br />
Public <strong>Pfandbrief</strong>e<br />
164<br />
210<br />
Ship <strong>Pfandbrief</strong>e<br />
0<br />
3<br />
Other Refinancings<br />
228<br />
116<br />
Jumbo issues outstanding<br />
0<br />
0<br />
Refinancing funds raised<br />
241<br />
193<br />
Mortgage <strong>Pfandbrief</strong>e<br />
127<br />
188<br />
Public <strong>Pfandbrief</strong>e<br />
0<br />
5<br />
Ship <strong>Pfandbrief</strong>e<br />
0<br />
0<br />
Unsecured bonds<br />
10<br />
0<br />
Promissory notes<br />
104<br />
0<br />
Own funds as shown in the balance sheet – total –<br />
80<br />
80<br />
Core capital (without net income)<br />
40<br />
40<br />
Profit-sharing capital<br />
28<br />
28<br />
Subordinated liabilities<br />
12<br />
12<br />
Net interest income<br />
9<br />
8<br />
Administrative expenditure<br />
5<br />
5<br />
Operating result before provisions for risks<br />
4<br />
3<br />
Provisions for risks<br />
0<br />
-1<br />
Operating result after provisions for risks<br />
4<br />
4<br />
Income for the year<br />
4<br />
4<br />
Presence in electronic media: Reuters: MMWB 15<br />
Contacts:<br />
Klaus Rüpke Tel.: +49 40 355334-60 klaus.ruepke@warburghyp.de<br />
Oliver Grellmann Tel.: +49 40 355334-61 oliver.grellmann@warburghyp.de
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