August 31, 2014 3:00 AM ET

Thrifts and Mortgage Finance

Company Overview of Berlin Hyp AG

Company Overview

Berlin Hyp AG provides real estate financing services in Germany. The company offers financing services primarily for residential and commercial real estate; and individual properties. It also provides real estate debentures, real estate evaluation, and estate agency services for savings banks; and mortgage loans, guarantee credits, administration of rental deposit accounts, property development financing, and other services for investors, housing associations, housing cooperatives, and property developers. In addition, the company issues mortgage pfandbriefe, public pfandbriefe, senior unsecured debt, and subordinated debt in capital markets. The company was formerly known as Berlin-Hannove...

Budapester Strasse 1

Berlin,  10787

Germany

Founded in 1868

Phone:

49 30 2599 90

Fax:

49 30 2599 9131

Key Executives for Berlin Hyp AG

Chairman of The Board of Management
Head of Real Estate Finance of The Real Estate Financing Division
Head of Housing Societies of The Real Estate Financing Division
Head of Real Estate Finance of The Real Estate Financing Division
Head of Real Estate Finance Poland of The Real Estate Financing Division
Compensation as of Fiscal Year 2014.

Berlin Hyp AG Key Developments

Berlin Hyp AG Reports Earnings Results for the Six Months Ended June 30, 2014

Berlin Hyp AG reported earnings results for the six months ended June 30, 2014. For the period, the company's net interest income was EUR 108.6 million compared to EUR 87.9 million a year ago. Operating result before provisioning was EUR 59.3 million compared to EUR 58.4 million a year ago. Operating result after provisioning was EUR 36.8 million compared to EUR 53.3 million a year ago. Profit before income tax and profit transfer was EUR 34.2 million compared to EUR 51.2 million a year ago.

Berlin-Hannoversche Hypothekenbank Aktiengesellschaft to Report Q2, 2014 Results on Aug 07, 2014

Berlin-Hannoversche Hypothekenbank Aktiengesellschaft announced that they will report Q2, 2014 results on Aug 07, 2014

Berlin Hyp Reports Earnings Results for 2013; Provides Revenue Guidance for 2014

Berlin Hyp reported earnings results for 2013. The company was able to generate solid earnings before tax and profit transfer of €120.1 million in 2013, despite a challenging market environment, rising regulatory requirements and the negative impact from the restructuring of the Landesbank Berlin Group. The Bank only just failed to match the impressive figure of €128.3 million generated in the previous year, posting a return on equity at 13.8% that matches up well with the rest of the industry compared to 15.4% a year ago. Net interest and commission income fell slightly from €227.1 million to €222.4 million. Operating result after risk provisioning €119.0 million compared to €202.7 million a year ago. The company has reaped the rewards of its conservative business strategy and successful risk management system in 2013. Another positive factor was the substantial increase in new lending. This helped to compensate for the negative effects of the low interest rate environment and the restructuring of the Landesbank Berlin Group. The company anticipates solid revenues for 2014 that will, however, fall noticeably short of 2013 figures.

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