As one of Germany’s biggest cooperative banks, MünchenerHyp is especially committed to following a responsible and sustainable business policy. We are not interested in quick gains. We are interested in reliable relationships, particularly with our customers and investors. And this is why our activities are guided by five basic principles that we would like to tell you a little bit more about in this Annual Report. Our employees and our business partners share these principles and our values – our employees embody them every day in their work.