Geschäftsbericht 2015, englisch

münchener Hypothekenbank eg | annual report 2015 management report 22 Business Development New Mortgage Business Our new business thrived anew. We were able to notably exceed the previous year’s record results by 9.3 percent, which surpassed the forecast we made in the previous Annual Report. We made total of € 4.9 billion (previous year € 4.4 billion) in new property loans. In accordance with our business strategy, the majority, or € 3.6 bil- lion, of the lending commitments we made were for financing private residential property. We were thus able to exceed the very high level we achieved last year by 6.5 percent. As in the previous years, our very good performance is based on three foundations: 1) Our close cooperation with banks within the Cooperative Finan- cial Network. Thanks to their high level of competence and selling power in their individual areas of business they were able to further strengthen their market position in 2015. 2) Low interest rates for property loans combined with the lack of other attractive capital investment opportunities resulted in unbroken high demand for houses and apartments, and therefore also for property financing. 3) Our range of products that offers numerous opportunities for customers to obtain financing that is tailor-made for their in- dividual requirements, and, in particular, long-term financing. Thanks to our excellent standing as a Pfandbrief issuer we can offer many optional extras at attractive conditions. “We were able to significantly expand the record results we posted in the previous year. The volume of commitments made in our mortgage loan business rose to € 4.9 billion.” Furthermore, during the year under review we also successfully launched a new lending product into the market: The MünchenerHyp Sustainability Loan. The focus of this product is on financing envi- ronmentally-friendly and ecological properties. Lending criteria are based on the primary energy usage of low-energy houses with an annual energy consumption for space heating and domestic water of no more than 70 kilowatt hour (kWh) per square meter of usa- ble space. In addition the loan can be used for all financing pur- poses and – in contrast to some other developmental loans – to completely finance the property. Furthermore, the MünchenerHyp Sustainability Loan marked another important step for us to anchor sustainability – as announced in the last Annual Report – even more solidly in the Bank’s core area of business. We were successful in our efforts to further expand our coopera- tion with the banks within the Cooperative Financial Network in 2015. New business with them grew by 9.3 percent to € 2.7 billion. MünchenerHyp New mortgage business 2010 – 2015 Commitments in € million 2010 2011 2012 2013 2014 2015 2,000 1,000 0 3,000 4,000 5,000 6,000 314 2,894 345 583 216 2,592 662 209 2,750 2,618 739 261 3,357 759 321 1015 259 3,576 Residential housing Housing Companies Commercial property 201020112012201320142015 2,7502,618

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