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Geschäftsbericht 2011 englisch

Münchener Hypothekenbank eG Helmut Maurer Group Head, Member Service Münchener Hypothekenbank eG “Achieving more together – the basic idea be- hind every cooperative, and the UNDERLYING FOUNDATION of our business policy. As the only Pfandbriefbank doing business as a legally registered cooperative, Münchener Hypothekenbank feels particularly obligated to this idea. This is why we have oriented our business policy in Germany and internation- ally to be sustainable, also in the best inter- ests of our members. This is why we are very pleased that the ‘International Year of Cooperatives – 2012’ is giving the cooperative principle the special recognition it deserves.”

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