MünchenerHyp: Sustainability rating raised to C+ – Prime status confirmed
oekom research’s latest sustainability rating for Münchener Hypothekenbank eG has positioned the Bank as one of the agency’s top three rated banks in the category of “Financials/Mortgage & Public Sector Finance”.
This resulted from the agency raising MünchenerHyp’s rating from C to C+. oekom research’s individual rating for the Bank’s ecological commitment is B-, while its rating for the Bank’s social commitment is C+. At the same time the agency confirmed the Bank’s Prime Status.
Among the reasons mentioned by the agency for their improved ratings was the quality of the Bank’s loan portfolio in terms of its social and ecological aspects. In addition, the Bank’s responsible manner of working with customers as well as the introduction of the MünchenerHyp Sustainability Loan in 2015 were also mentioned.
“We are pleased that our efforts to solidly anchor the concept of sustainability deeply within MünchenerHyp’s core area of business has been confirmed by the latest rating received from oekom research. This improved rating motivates us even more to continue our efforts in this direction, said Dr. Louis Hagen, Chairman of the Münchener Hypothekenbank Board of Management.
oekom research is one of the leading international sustainability rating agencies and has rated 59 banks in the category “Financials/Mortgage & Public Sector Finance”. Currently, the best rating in this category is C+, which is held by about 10 percent of the rated institutions.