Annual Report 2010 - Muenchener Hypothekenbank eG

48 | 49 münchener hypothekenbank eg | annUaL report 2010 “investors’ demands are high. they expect trans- parency, continuity, and above all a trustful cooperation. however, the efforts are worth it: optimal refinancing conditions are founded on investor satisfaction. We have seen how impor- tant this is for us – especially in recent years.” rafael Galuszkiewicz Director, head of treasury münchener hypothekenbank eG We don’t take our investors’ trust for granted. it must be earned anew every day in the market.