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Geschäftsbericht 2011 englisch

88 notes – münchener Hypothekenbank eg l annual Report 2011 Affirmation by the legal representatives Michael Jung To the best of our knowledge, and in accordance with applicable reporting principles for annual financial reporting, the annual financial statements give a true and fair view of the assets, lia- bilities, financial position and earnings situation of the company, and the management report of the company includes a fair re- view of the development and performance of the business and the position of the company, together with a description of the principal opportunities and risks associated with the antici­ pated development of the company. Munich, 14 February 2012 MÜNCHENER HYPOTHEKENBANK eG The Board of Management Dr. Louis Hagen Bernhard Heinlein

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