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Press Releases

Münchener Hypothekenbank: imug raises its sustainability ratings in all categories

08.02.2016 - The sustainability rating agency imug has raised its ratings for Münchener Hypothekenbank eG in all three of the securities categories it evaluates.

The new ratings propel MünchenerHyp up into the top group of financial institutions rated by imug.

MünchenerHyp is now the best of all issuers rated by imug in the category Mortgage Pfandbriefe as the Bank’s rating improved from “Neutral” to “Positive”. The Bank’s Public Pfandbriefe are now rated “Very Positive”, and higher than the previous “Positive“ rating. The Bank is now among the ten top issuers in this category. The rating for uncovered liabilities was raised from “Neutral“ to “Positive“, and moved MünchenerHyp into the top three Pfandbriefbanks in this category.

In its rating report imug highlighted the quality of MünchenerHyp’s sustainability management and especially the positive performance made by the Bank in fulfilling sustainability criteria in a social and responsible manner.

“We are pleased by imug’s decision, which also confirms the sustainability of our refinancing instruments, and in particular the high quality of our Pfandbriefe including the aspects of sustainability“, said Dr. Louis Hagen, Spokesman for the Münchener Hypothekenbank’s Board of Management. 

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Moody’s raises rating for MünchenerHyp’s senior unsecured liabilities to A1

27.01.2016 - The rating agency Moody’s has raised its rating for Münchener Hypothekenbank eG’s senior unsecured liabilities from A2 to A1. Moody’s also confirmed its Prime-1 rating for the Bank’s short-term liabilities.
Moody’s rating for MünchenerHyp’s Public Pfandbriefe and Mortgage Pfandbriefe remained unchanged at the highest Aaa rating.

“Moody’s decision is a confirmation of our business strategy. Investors value our Bank’s stability and continuity as well as the strong backing provided by the Cooperative Financial Network. We are pleased to see that this is now more significantly reflected in the rating”, said Dr. Louis Hagen, Spokesman for the Münchener Hypothekenbank’s Board of Management.

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MünchenerHyp has again been awarded as “Best Covered Bond Issuer”

26.01.2016 - Münchener Hypothekenbank eG has defended its title as an outstanding Covered Bond issuer.

A successful benchmark funding in the last year together with trustworthy investor relations activities have built the basis for the CMDportal Awards 2016 as “Best Covered Bond Issuer”. 

MünchenerHyp has completed a very successful and active funding year. The bank has issued four Mortgage Pfandbriefe in benchmark size whereof three out of four achieved the biggest discount versus midswap in the capital markets. Furthermore, MünchenerHyp has currently the biggest volume of outstanding Mortgage Pfandbriefe in Germany.

“The renewed decoration with a CMDportal Award is a wonderful recognition of our work. It approves the excellent quality of our Pfandbrief benchmarks and our permanent investor relations activities, which are both highly appreciated in the market”, said Dr. Louis Hagen, Spokesman for the Board of Management of MünchenerHyp.

The CMDportal Awards are initialised by the Capital Market Data Network (CMDportal) and the winners are determined in an international survey with more than 18,000 institutional investors, issuers and traders.

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MünchenerHyp and Hausbank intensify cooperation – merger not foreseen at this time

12.01.2016 - Münchener Hypothekenbank eG (MünchenerHyp) and Hausbank München eG (Hausbank) have agreed to further intensify their good cooperative efforts of the previous years.

Both parties have identified a number of promising areas for future joint efforts, although a merger is not foreseen at this time.

MünchenerHyp and Hausbank signed a letter of intent in October 2015 wherein they agreed to closely examine future cooperation through to a possible merger.

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MünchenerHyp and Hausbank examine bundling their strengths together

29.10.2015 - Münchener Hypothekenbank eG (MünchenerHyp) and Hausbank München eG (Hausbank) are conducting talks about a possible collaboration that include a possible merger of the two banks.

A corresponding letter of intent has been signed by both parties. Coming talks should cover key issues and define details of the future strategic direction. These points should then be documented in a memorandum of understanding.

The boards of management of the two banks anticipate that this step will lead to a sustained improvement in their market and competitive positions, as well as their earning power. Furthermore, this move also unlocks opportunities to further expand the individual core competencies of the two institutions – residential and commercial property financing as well as service and software offers for property managers – to the advantage of their members and customers, as well as the Cooperative Financial Network.

We will provide additional information regarding the progress of the talks at an appropriate time.

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