Joint Liability Scheme and “Patronatserklärung”
Joint Liability Scheme
As a subsidiary of the NORD/LB, the German Hypo is affiliated with of the Joint Liability of the Savings Banks Financial Group.
The member institutions affiliated in the Joint Liability Financial Group include state banks, state savings banks, state housing banks and over 400 savings banks. In case of a monetary emergency of one of the member institutions, the Joint Liability System will ensure its solvency and liquidity.
Since the founding of the Joint Liability Group over three decades ago no deposit loss, no performance impairment and no insolvency cases have occurred. Deutsche Hypo’s embedding in the Savings Bank Finance Group not only provides for a high safety standard, it also means a 0% risk weighting for emissions within the affiliation.
“Patronatserklärung” (Annual Report NORD/LB)
NORD/LB ensures that the following companies are able to meet their obligations: … Deutsche Hypothekenbank (Actien-Gesellschaft), Hannover.