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

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.