Press Releases 2014

Münchener Hypothekenbank eG has given legal notice that it will terminate its silent participation with Isar Capital Funding I LP effective December 31, 2014. The silent participation has a value of € 100 million and will be repaid as contractually agreed on June 30, 2015. Furthermore, a bond issued by Isar Capital Funding I LP (ISIN DE000A1APTA4) will also be repaid on the same date.

Münchener Hypothekenbank eG is well prepared for the European Central Bank (ECB) to take over supervision of the Bank.

Münchener Hypothekenbank eG remains on its growth path as it significantly increased its new business results again in the third quarter.
Up until the end of September 2014 the Bank had made new property financing commitments of 3.2 billion euros, or 22 percent more than in the same year-ago period.

Rafael Scholz, MünchenerHyp’s head of treasury, has been honoured with the Editor’s Choice Award given by The Cover, a British trade publication.
The Award is presented on an irregular basis for outstanding performance in the covered bond segment.

Münchener Hypothekenbank eG generated a notable excitement in the capital markets today when it issued the world’s first ESG Mortgage Pfandbrief (Environment, Social, Governance).

Coverage for the issue is based on sustainable ecological, social and political-socio criteria. The € 300 million issue was very successful and was oversubscribed by a factor of 1.6 within a short period of time.

Münchener Hypothekenbank eG stated today that it was very satisfied with the development of its business during the first half of 2014 as new business increased by 24 percent.

Dr. Peter Ramsauer has been appointed a new member of the Supervisory Board of Münchener Hypothekenbank eG after being elected at the Bank’s Delegate’s Meeting.

Dr. Peter Ramsauer is a member of the German Bundestag and the former Federal Minister of Transport, Building and Urban Affairs. He has been the Chairman of the German Bundestag Committee on Economic Affairs and Energy since January 2014.

Münchener Hypothekenbank eG has significantly improved its own capital resources by raising about € 400 million of common equity Tier one capital during the first six months of this year.

The capital was raised within the framework of a broadly based effort to attract additional paid up capital from within the Cooperative Financial Network. As a result, the Bank’s common equity Tier one capital ratio rose substantially to 11.1 percent as of June 30, 2014 from 6.3 percent recorded at the end of 2013.

Münchener Hypothekenbank eG continues to enjoy a very good standing among its investors as reflected by the results of the “Best Borrowers Survey 2014,” a global survey conducted by “Euromoney”, a British trade publication.

The results of the survey of major customers of banks around the world ranked MünchenerHyp together with DNB, a Norwegian bank, as number one in the category “Covered Bonds & Pfandbriefe.” Both of the winners received far more votes than the third-ranked bank. MünchenerHyp came in third in the previous year’s survey.

Münchener Hypothekenbank eG successfully placed its first large-volume Mortgage Pfandbrief of 2014 in the capital market today.

The 10-year benchmark issue has a volume of € 500 million. Heavy investor interest led to a price of just 7 basis points above the mid-swap rate for the issue. This is the lowest premium paid for 10-year Pfandbriefe to date this year in the primary market.

Münchener Hypothekenbank posted notably higher results for the 2013 business year.

The rating agency Moody’s has raised the outlook for its ratings for uncovered liabilities (A2) and fundamental financial strength (D) of Münchener Hypothekenbank eG from negative to stable.

In addition, the Prime-1 rating for the Bank’s short-term liabilities was confirmed.

Moody’s justified this step by noting that MünchenerHyp had strengthened its level of equity capital in 2013. “Last year we were able to increase our common equity Tier 1 capital by about € 90 million,” said Dr. Louis Hagen, Spokesman for the Münchener Hypothekenbank’s Board of Management.