ANNUAL REPORT 2006 - DG Hyp

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OUR STAFF Organisational and strategic changes at DG HYP also placed high demands on HR management in the 2006 financial year. This relates, in particular, to restructuring sales activities for the German cooperative banking sector as well as taking on employees from VR Kreditwerk as part of the re-integration of special IT application developments. On balance, the average number of active employees in the 2006 financial year increased from 545.4 as of 31 December 2005, to 577.7 as of 31 December 2006. HR and management development as a strategic factor for success Our HR development focuses on individual qualification activities geared to practical work. During the annual target agreement and assessment discussion that managers hold with each of their staff, individual requirements for development and qualifications will receive particular attention. A total of 283 staff members took part in 42 internal training programmes. Another key issue is to identify and promote high potential, and we use assessment centres and management audits for this purpose. State-of-the-art performance management instruments An assessment system and target agreements are elementary components of our performance management. Concluding a company agreement on the introduction of a performance and results-oriented bonus system was a key step towards a human resources policy that is geared to performance. We constantly review operating workflows and organisational structures to enhance our competitive position. The employee survey conducted in this regard offers an excellent basis for specific activities to improve workflows, structures and quality. 42 Deutsche Genossenschafts-Hypothekenbank AG | Annual Report 2006 Management Report Successful vocational trainees and acquisition of trainee managers Ensuring a supply of new managers from among DG HYP's own staff is one of our HR department’s core tasks. Out of every eight of our vocational trainees, we hire seven after they complete their training – initially on a temporary contract. We recruit external management candidates at events including the graduates congress in Cologne, where we present our company together with our partners in the cooperative banking sector. Nine young people started new vocational training programmes with DG HYP on 1 August 2006. As at 31 December 2006, 22 young people were employed as vocational trainees by DG HYP. In this connection, we would like to offer particular thanks to VR Kreditwerk and our partners in the German cooperative banking sector. They make a major contribution in vocational training – bolstering specialist competence and sales-oriented abilities, thus benefiting our new recruits with successful end-to-end training. Cooperation with the Works Council Our cooperation with employee representatives was once again professional and constructive in the 2006 financial year. We would like to thank the members of the Works Council for their vital work.
Management Report NUMBER OF EMPLOYEES Number of active employees 31 Dec 2006 31 Dec 2005 Management Board 3 2 Salaried employees 577 545 Vocational trainees 22 23 Total 602 570 Weighted staff capacity 577.7 545.4 In addition, 56.8 employment relationships (based on weighted staff capacity numbers) were inactive as at 31 December 2006 (e.g. due to maternity leave; long-term sickness; or employees having entered the ‘passive phase’ of partial retirement). NUMBER OF RECIPIENTS OF RETIREMENT BENEFITS 31 Dec 2006 31 Dec 2005 Retired employees 228 225 Surviving dependants 50 41 Deutsche Genossenschafts-Hypothekenbank AG | Annual Report 2006 43
Page 1 and 2: Deutsche Genossenschafts-Hypotheken
Page 3 and 4: CONTENTS Letter from the Management
Page 5 and 6: In the past few years, DG HYP has s
Page 7 and 8: PROPORTION OF RESIDENTIAL REAL ESTA
Page 9 and 10: DEVELOPMENT IN DEMAND FOR RESIDENTI
Page 11 and 12: From DG HYP’s perspective, immo e
Page 13 and 14: Active portfolio management as a ke
Page 17 and 18: Management Report The sales drive f
Page 19 and 20: Management Report RESIDENTIAL REAL
Page 21 and 22: 1 2 3 1 2 3 Office Building “Kant
Page 23 and 24: Management Report Commercial buildi
Page 27 and 28: Management Report Overall, new port
Page 29 and 30: Management Report LOCAL AUTHORITY L
Page 31 and 32: Management Report REFINANCING STRUC
Page 33 and 34: Management Report FINANCIAL SITUATI
Page 35 and 36: Management Report Costs development
Page 37 and 38: Management Report strategy, monitor
Page 39 and 40: Management Report c) Credit scoring
Page 41 and 42: Management Report DG HYP VaR (10-DA
Page 43: Management Report A system for coll
Page 47 and 48: Management Report Business Developm
Page 49: FINANCIAL STATEMENTS Financial Stat
Page 52 and 53: ASSETS BALANCE SHEET 31 Dec 2005
Page 57: PROFIT AND LOSS ACCOUNT FOR THE PER
Page 60 and 61: Notes to the Financial Statements N
Page 64 and 65: Notes to the Financial Statements (
Page 76 and 77: Notes to the Financial Statements C
Page 78 and 79: Notes to the Financial Statements A
Page 80 and 81: Notes to the Financial Statements A
Page 82 and 83: Notes to the Financial Statements O
Page 86 and 87: The following is an English transla
Page 88 and 89: In regular discussions with the Cha
Page 90 and 91: Corporate Bodies and Committees; Ex
Page 92 and 93: Corporate Bodies and Committees; Ex

ANNUAL REPORT 2006 - DG Hyp

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