Cooperative Financial Network
For many years, the desire to own their own four walls has topped the wish list of many Germans. The concept of “My home is my castle” also means that owners can arrange their personal living area as they wish, and not have to pay rent in their old age.
MünchenerHyp makes this wish come true. Within the cooperative Financial Services Network (FinanzGruppe) we work closely with local Volksbanken and Raiffeisenbanken – 8,566 banking branches offering excellent advice across Germany.
The local Volksbanken and Raiffeisenbanken provide support to our customers who want to take out residential property loans for the facet of private property financing such as new construction, building expansion, modernisation or the purchase of existing housing.
MünchenerHyp is a member of the BVR Institutssicherung GmbH as well as the Federal Association of German Volksbanken and Raiffeisenbanken’s (BVR) protection scheme (Sicherungseinrichtung) that provides unlimited cover to member cooperative banks. This includes protection of customer savings deposits, as well as bearer bonds issued by member banks held by customers. No customer of a member bank has ever suffered a loss since the programme was established. Furthermore, there was never a need to reimburse a deposit holder, and no member bank has ever filed for insolvency.
A Strong Community
With 814 Volksbanken and Raiffeisenbanken, as well as numerous associated firms, the cooperative Financial Services Network (FinanzGruppe) is one of Germany’s biggest banking groups and an important factor for the German economy.