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ePaper created 2012-04-20, 15:08:32 | version 1.23.0
6 overview – münchener Hypothekenbank eg l Annual Report 2011 Business Development (in Millions of €) 2011 2010 Change % Lending Business a) Mortgage loans 3,391 3,553 -5 aa) Residential property financing 2,808 3,208 -12 ab) Commercial property financing 583 345 69 b) Loans to public sector and banks 1,449 1,884 -23 Total 4,840 5,437 -11 Balance Sheet (in Millions of €) 2011 2010 Change % Total assets 37,348 35,225 6 Mortage loans 19,410 18,455 5 Loans to public sector and banks 13,293 13,597 -2 MBS 69 125 -45 Pfandbriefe and other promissory notes 31,511 31,195 1 Liable equity capital 1,157 1,198 -3 Income Statement (in Millions of €) 2011 2010 Change % Net interest income less commissions 80 97 -18 Administrative expenses 64 59 8 Results from operations before deducting provisions for risks 11 32 -66 Results from operations after deducting provisions for risks 7 17 -60 Transfer to the Fund for General Banking Risks -2 Net income 5 11 -55 Employees (number) 2011 2010 Change % Average number of employees per year 375 366 2 Apprentices 12 17 -29 Employees participating in parental leave, early retirement and partial retirement (non-working phase) 24 23 4 overview