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Geschäftsbericht 2014, englisch

28 münchener Hypothekenbank eg | annual report 2014management report Current ratings – stable outlook – at a glance: Rating Public Pfandbriefe Aaa Mortgage Pfandbriefe Aaa Senior unsecured liabilities A2 Fundamental financial strength D Short-term liabilities Prime-1 Our long-term uncovered liabilities are rated A+ by the rating agency Fitch due to the group rating the agency assigned to the Cooperative Financial Network. The complete Moody’s document, as well as additional informa- tion regarding our ratings, is available at MünchenerHyp’s web- site under the “investors” link. Sustainability During the past year we increased our efforts to firmly anchor sustainability in MünchenerHyp’s core business. The issuance of the world’s first sustainable Pfandbrief was an important step in these efforts. We have intensified the dialogue regarding sustain- ability with our stakeholders and further developed the Bank’s sustainability strategy. Our sustainability ratings improved further. oekom research, a sustainability rating agency, raised our rating from C- to C in August 2014. This rating means that MünchenerHyp is one of the banks with the best sustainability ratings in the category “Finan- cials/Mortgage & Public Sector Finance”. In their comments re- garding their rating, oekom research stated that almost all of MünchenerHyp’s loan portfolio consists of loans to finance prop- erty in countries with high environmental and social standards. In addition, MünchenerHyp’s personnel policy was praised as it promotes the work-life balance of its employees. At the begin- ning of 2015 Sustainalytics, a sustainability rating agency, gave the Bank its latest rating of 57 points. This is an improvement of 10 points over the previous rating. We were able to improve in all of the three areas reviewed by the agency: environment, social and governance. The Bank’s decisive promotion of diver- sity among its workforce was emphasised along with its mea­ sures against all forms of discrimination. “Our sustainability rating issued by oekom research rose to Prime Status last year.” MünchenerHyp’s latest information on its commitment to sus- tainability is available at: www.muenchenerhyp.de/en/company 2011 2012 2013 2014/2015 oekom research D D C- C imug Public Pfandbriefe: neutral Mortage Pfandbriefe: neutral Uncovered bonds: negativ Public Pfandbriefe: favourable Mortage Pfandbriefe: neutral Uncovered bonds: neutral Public Pfandbriefe: very favourable Mortage Pfandbriefe: neutral Uncovered bonds: neutral Public Pfandbriefe: very favourable Mortage Pfandbriefe: neutral Uncovered bonds: neutral Sustainalytics 44 of 100 points 44 of 100 points 47 of 100 points 57 of 100 points The development of our sustainability ratings since 2011 at a glance: 2011201220132014/2015

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