The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
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As a bank for the academic medical professions, apoBank has been a reliable partner for pharmacists,<br />
physicians, dentists and veterinaries as well as their organisations and associations for more than<br />
100 years. Due to its long-standing special expertise, the Bank is a professional bank partner in financial<br />
and economic matters also for other market participants in the health care sector, especially for care<br />
centres and commercial companies with a focus on the health care sector.<br />
apoBank is a cooperative. Accordingly, its self-conception is characterised by the idea of promotion<br />
of its members and self-help. As the bank in the health care sector, apoBank actively accompanies its<br />
customers in a massively changing market environment. With around 100,000 members, more than<br />
345,000 customers and a balance sheet total of about 40 billion Euros, apoBank is today Germany’s<br />
largest primary cooperative bank and, as such, is integrated in the security systems of the German<br />
cooperative banking sector.<br />
Since June 2008, apoBank is an issuer of mortgage <strong>Pfandbrief</strong>e. <strong>The</strong> basis for the mortgage <strong>Pfandbrief</strong>business<br />
is the high stock of high granular loans secured by mortgages to retail clients.<br />
Rating: Mortgage Short-term Long-term<br />
<strong>Pfandbrief</strong>e liabilities liabilities Outlook<br />
Standard & Poor’s AAA A-1 A+ stable<br />
Moody‘s P-1 A2 negative<br />
Fitch (Rating for the Finanzverbund) F1+ A+ stable<br />
96<br />
Selected key figures*<br />
Total assets<br />
Loans to customers<br />
including: secured by mortgages<br />
New advances in the loan sector<br />
Total funds outstanding (registered and bearer bonds) 1)<br />
Mortgage <strong>Pfandbrief</strong>e<br />
Unsecured bonds<br />
Promissory notes<br />
Jumbo issues outstanding<br />
Refinancing funds raised 1)<br />
Mortgage <strong>Pfandbrief</strong>e<br />
Unsecured bonds<br />
Promissory notes<br />
Liable equity capital<br />
including: core capital<br />
Net interest income<br />
Net commission income<br />
Administrative expenditure 2)<br />
Operating result before provisions for risks<br />
Risk costs and precautionary measures for the customer lending business 3)<br />
Risk costs and precautionary measures for financial instruments and participations 3)<br />
Net income/net loss<br />
2010<br />
€ million<br />
38,819<br />
26,277<br />
6,344<br />
4,049<br />
13,834<br />
1,726<br />
7,216<br />
4,893<br />
0<br />
2,381<br />
25<br />
2,291<br />
65<br />
2,680<br />
1,700<br />
679<br />
127<br />
452<br />
341<br />
70<br />
202<br />
53<br />
2009<br />
€ million<br />
41,231<br />
25,600<br />
5,582<br />
4,093<br />
16,444<br />
1,776<br />
9,131<br />
5,537<br />
0<br />
5,293<br />
1,060<br />
3,522<br />
712<br />
2,486<br />
1,512<br />
618<br />
112<br />
423<br />
318<br />
103<br />
485<br />
-283<br />
1)<br />
Excluding subordinated capital<br />
2)<br />
Including depreciation<br />
3)<br />
Includes general value adjustments and provisioning reserves pursuant to section 340f of the German Commercial Code (HGB)<br />
* All data based on the individual financial statement
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