Please contact us via email or phone.

Dr. Phil Zundel

Head of Board of Management Staff | Organisation | Human Resources

Phone: +49 89 5387 - 319

Dr. Benno-Eide Siebs

Press Officer

Phone: +49 89 5387 - 314

Press Releases

MünchenerHyp once again records notable gains in new business and earnings power during first half of 2017

24.08.2017 - Münchener Hypothekenbank eG remained on its course of growth in the first half of 2017. .

The cooperative property financer expanded its new business by 19 percent to almost € 2.8 billion (30 June 2016: € 2.3 billion). Unbroken high demand for property financing favourably influenced MünchenerHyp’s earnings. During the first six months of the year the Bank’s interest income rose to € 124.8 million, a gain of 12 percent over the same year-ago figure (30 June 2016: € 111.9 million).

“We are very pleased with the way our business has developed thus far in 2017 as we were able to significantly increase the volume of new loan commitments made in both the private residential and the commercial property financing sectors”, noted Dr. Louis Hagen, the Chairman of the Board of Management of MünchenerHyp. The Bank was able to improve its new business in the area of private residential property financing by 4 percent from the already high level reached in the previous year to € 1.8 billion as of 30 June 2017. The further intensification of the Bank’s brokerage business with the cooperative partner banks was the primary driver behind this increase.

New business results in the commercial property financing area – including financing provided to housing companies – grew by € 0.4 billion to € 1 billion. Germany remained the main focus of these lending transactions, although the greatest gains were posted in western European markets outside of Germany.

Refinancing, especially via the Pfandbrief, again took place at very good conditions. During the first half of the year MünchenerHyp issued a large-volume Mortgage Pfandbrief of € 500 million with a term of 10 years. Demand for the issue was very good and at the time it was placed, it had the highest risk discount for covered bonds to this date in 2017.

Provisions made for risks in our lending business remained moderate and reflected the unchanged stable risk situation. Results from normal business operations, after making provisions for risk, rose by € 10.7 million to € 37.8 million. After tax deductions, the pro rata temporis net income for the year amounted to € 22.1 million (2016: € 14.6 million).

Total assets on 30 June 2017 amounted to € 39.1 billion, following € 38.5 billion at the end of 2016. During the same period of time our portfolio of mortgage loans rose by € 0.8 billion to € 28.6 billion. In accordance with MünchenerHyp’s strategy, the Bank’s capital markets portfolio was reduced by € 0.7 billion since the start of 2017 and at mid-year amounted to € 6.1 billion.

On 30 June 2017 the Bank’s Common Equity Tier 1 capital ratio and Tier 1 capital ratio were both 23.7 percent (31 December 2016: 22.9 percent each). The Bank’s total capital ratio was 25.2 percent (31 December 2016: 24.5 percent).

MünchenerHyp is confident that it will be able to continue the favourable development of business through the entire year. “We expect that the strong demand for private and commercial financing will remain intact. We anticipate that we will be able to further expand our new business results“, said Dr. Louis Hagen.

Press Release for Download as PDF

MünchenerHyp has reopened the covered bond market with a benchmark Mortgage Pfandbrief

18.08.2017 - Münchener Hypothekenbank eG has set an end to this year’s summer break while issuing its second Mortgage Pfandbrief in benchmark size.

The issue met a huge investor demand so that the bank had decided to increase the volume to € 750 million. The order book had exceeded € 1 billion in size.

The maturity of the Mortgage Pfandbrief is a long 9 years and has a coupon of 0.625 percent. The bond was priced at midswap minus 13 basis points.

The issue has attracted 64 orders from 10 countries. The regional focus was clearly on Germany with 85 percent followed by investors from Asia, Middle East, Austria and Switzerland. The biggest investor group were banks with a share of 41 percent nearly at the same level with central banks and sovereign wealth funds.

"The big investor demand reflects the high liquidity in the covered bond market with a clear advantage for a well-known investor like MünchenerHyp", said Bernhard Heinlein, member of the Board of Management at Münchener Hypothekenbank.

The transaction has been lead managed by BayernLB, Deka Bank, DZ BANK and UniCredit. Bankhaus Lampe had a Co-Lead.

The rating agency Moody’s has given its highest rating of Aaa to MünchenerHyp’s Mortgage Pfandbriefe.

Press Release for Download as PDF

Münchener Hypothekenbank extends Dr. Louis Hagen’s contract as Chairman of the Board of Management

26.07.2017 - Münchener Hypothekenbank’s Supervisory Board announced today that it has extended the Board of Management contract of Dr. Louis Hagen (59) as Chairman of the Board of Management earlier than scheduled until 2023. .

Dr. Louis Hagen has been a member of MünchenerHyp’s Board of Management since 2009 and was appointed Spokesman for the Münchener Hypothekenbank’s Board of Management in 2010 and then Chairman in 2016. He is responsible for Bank Strategy. 

In his comments on the contract extention Wolfhard Binder, the Chairman of the Supervisory Board of Münchener Hypothekenbank, noted that “Dr. Louis Hagen’s confident leadership and strategic capabilities enabled MünchenerHyp to develop very successfully during an eventful time. In view of the unbroken great challenges and regulatory issues facing the market we are pleased to continue the trustful collaboration with Dr. Hagen.”

The members of Münchener Hypothekenbank’s Board of Management are: Dr. Louis Hagen, Chairman and Head of Bank Strategy, Bernhard Heinlein, Head of Markets, and Michael Jung, Head of Transaction Management.

Press Release for Download as PDF

MünchenerHyp’s new benchmark Mortgage Pfandbrief sets accents in the Pfandbrief market

04.05.2017 - Münchener Hypothekenbank eG’s first benchmark issue in 2016 generated very strong demand among Pfandbrief investors.
The € 500 million Mortgage Pfandbrief has a coupon of 0.625 percent and a term of 10 years. The order book was closed after orders for € 650 million were received.

Conditions were slightly difficult following the long weekend. However, this situation was more than offset by the high demand currently noted for covered bonds and Pfandbriefe. This was also reflected by the price, which was initially announced as 10 basis points below the mid-swap rate and subsequently re-set at 12 basis points below the mid-swap rate in light of heavy investor interest.

Thirty-four orders were received from investors in nine countries with Germany accounting for over 80 percent of the volume sold followed by countries in Asia and the Middle-East. Central banks bought almost 44 percent of the volume placed and represented the biggest group of investors.

“The small supply of Pfandbriefe seen in recent weeks formed the basis for an excellently pricedissue“, said Dr. Louis Hagen, the Chairman of Münchener Hypothekenbank’s Board of Management.

The transaction was accompanied by Commerzbank AG, DZ Bank AG, Goldman Sachs International and HSBC. The rating agency Moody’s has given its highest rating of Aaa to MünchenerHyp’s Mortgage Pfandbriefe.

Press Release for Download as PDF

Josef Hodrus elected member of MünchenerHyp’s Supervisory Board

19.04.2017 - The Delegates Meeting of Münchener Hypothekenbank eG has elected Josef Hodrus as a new member of the Bank’s Supervisory Board.

Josef Hodrus is a member of the Board of Management of the Volksbank Allgäu-West eG, which he has successfully led since 1998. In addition, he is actively engaged in various bodies of the Cooperative Financial Network and companies of this network. Josef Hodrus is also a member of the Special Committee on Credits of the Baden-Wuerttemberg Cooperatives Association.

Heinz Fohrer, member of the Board of Management der Volksbank Esslingen eG, stepped down from MünchenerHyp’s Supervisory Board at the end of his term of office.

Wolfhard Binder, Chairman of the MünchenerHyp Supervisory Board, thanked Heinz Fohrer for his dedicated services: “With his outstanding dedication and great expertise, Mr. Fohrer played a distinguished role in supporting MünchenerHyp to further develop successfully during a period when important decisions were taken to guide the future of the Bank. We regret that his wide-ranging professional commitments do not allow Mr. Fohrer to candidate for another term of office.”

The members of Münchener Hypothekenbank’s Supervisory Board are: Wolfhard Binder (Chairman), Chairman of the Board of Management of the Raiffeisen-Volksbank Ebersberg eG, Dr. Hermann Starnecker (Deputy Chairman), Spokesman of the Board of Management VR Bank Kaufbeuren-Ostallgäu eG, Barbara von Grafenstein, Employee representative, Josef Hodrus, Member of the Board of Management of the Volksbank Allgäu-West eG, Jürgen Hölscher, Member of the Board of Management of the Volksbank Lingen eG, Rainer Jenniches, Chairman of the Board of Management of the VR-Bank Bonn eG, Reimund Käsbauer, Employee representative, Dr. Peter Ramsauer, Member of the German Parliament (Deutscher Bundestag), Michael Schäffler, Employee representative, Gregor Scheller, Chairman of the Board of Management of the Volksbank Forchheim eG, Kai Schubert, Member of the Board of Management of the Raiffeisenbank Südstormarn Mölln eG, Frank Wolf-Kunz, Employee representative.

Press Release for Download as PDF