Press Releases 2015

Münchener Hypothekenbank eG (MünchenerHyp) and Hausbank München eG (Hausbank) are conducting talks about a possible collaboration that include a possible merger of the two banks.

A corresponding letter of intent has been signed by both parties. Coming talks should cover key issues and define details of the future strategic direction. These points should then be documented in a memorandum of understanding.

Münchener Hypothekenbank eG’s earnings figures are increasingly reflecting the Bank’s unbroken run of new business success.

As of 30 September 2015 the Bank’s net interest income figure was about 35 percent higher than the same year-ago figure and amounted to € 161.7 million. Commenting on the nine-month results for 2015 Dr. Louis Hagen, Spokesman for the Münchener Hypothekenbank’s Board of Management, noted: “We have made additional progress towards our strategic objective of sustainably strengthening MünchenerHyp’s earning power.”

Münchener Hypothekenbank eG successfully placed a 500 million euro Mortgage Pfandbrief.

The new issue was the bank’s fourth benchmark issue in the current year. “The issue faced a very demanding capital market environment as the primary market was highly active in September. This is why we are even more pleased that the issue was a success, which once again underlines the high quality of MünchenerHyp’s Pfandbriefe“, said Dr. Louis Hagen, Spokesman for the Münchener Hypothekenbank’s Board of Management.

Münchener Hypothekenbank eG continued the strong pace of growth it recorded last year during the first half of 2015. New business in the property finance area increased by 19 percent to € 2.4 billion (previous year: € 2.1 billion).

Münchener Hypothekenbank eG announced that it successfully issued a long 5-year Mortgage Pfandbrief with a volume of € 750 million.

Heavy demand was noted for the benchmark issue that carries a coupon of 0.25 percent. The order book was closed soon after opening when orders for about € 1 billion had been received. The Pfandbrief was priced at 17 basis points below the mid-swap rate, which is the highest discount for risk recorded thus far this year for Pfandbriefe and Covered Bonds.

Münchener Hypothekenbank eG has defended its first place ranking in the “Covered Bonds & Pfandbriefe“ category of the “Best Borrowers Survey 2015“ conducted by Euromoney, a British trade publication.

The results showed a large gap between the top ranked MünchenerHyp and the number two institution. The survey was conducted among major banking customers.

 Münchener Hypothekenbank eG announced today that it placed its second benchmark issue of the year.

The 8-year Mortgage Pfandbrief has a volume of € 750 million and carries a coupon of 0.5 percent. The order book recorded € 1 billion in orders for the new issue. The Bank attained a price of 17 basis points below the mid-swap rate for the issue.

Münchener Hypothekenbank eG has received another accolade for the world’s first sustainable Mortgage Pfandbrief (ESG Pfandbrief), coming top of the Innovation category at the Covered Bond Report Awards for Excellence 2015 in Frankfurt.

In granting the award, the panel acknowledged that MünchenerHyp and its ESG Pfandbrief have played a leading role in developing a market for sustainable covered bonds.

Münchener Hypothekenbank eG recorded further growth in almost all of its areas in the 2014 business year.

The Münchener Hypothekenbank eG Supervisory Board has extended the Board of Management contract of Michael Jung (50) until 2020. The decision reflects the Supervisory Board’s absolute confidence in Michael Jung.
“We are pleased that in view of MünchenerHyp’s successful development over the past years, we can ensure continuity of the Board of Management team by extending Mr. Jung’s contract“, said Konrad Irtel, Chairman of Münchener Hypothekenbank’s Supervisory Board.

Münchener Hypothekenbank eG is strengthening its commitment to sustainable capital investments by becoming a Climate Bonds Initiative partner.

Münchener Hypothekenbank eG’s first benchmark issue of the year met with enthusiastic investor demand.

The issue with a volume of € 750 million was oversubscribed by almost three times as orders for € 2 billion were received within a short period. The Mortgage Pfandbrief has a term of 10 years and achieved a price of 14 basis points below the mid-swap rate – this is the highest discount for risk ever in this maturity segment. The Pfandbrief carries a coupon of 0.5 percent.

Münchener Hypothekenbank eG has been honoured for setting new standards in the covered bond market in 2014. This was reflected by the results of an international survey conducted by the Capital Market Data Network (CMDportal) among more than 18,000 institutional investors, issuers and bond dealers who elected MünchenerHyp as the Best Covered Bond Issuer and Most Innovative Green Bond Issuer.
The Bank received the 2015 CMDportal Awards.

Münchener Hypothekenbank eG announced today that it has provided € 20.7 million of financing for the purchase of Square 41, an office building in Frankfurt am Main.

The property was purchased by an open-ended property fund managed by Amundi Real Estate (RE), which was formed from the merger of the real-estate investment management operations of Crédit Agricole and Société Générale.