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    <lastBuildDate>Thu, 19 Apr 2012 14:45:00 +0200</lastBuildDate>
    
    
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      <title>Deutsche Hypo with increased operating income</title>
      <link>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2012/04/19/deutsche-hypo-steigert-ihre-operativen-ertraege/</link>
      <guid>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2012/04/19/deutsche-hypo-steigert-ihre-operativen-ertraege/</guid>      
      <description>New real estate finance business grew by 55.2 percent in 2011, Cost/income ratio drops to 35.8...</description>
      <!-- content:encoded><![CDATA[<ul><li>New real estate finance business grew by 55.2 percent in 2011,&nbsp;</li><li>Cost/income ratio drops to 35.8 percent,&nbsp;</li><li>Result from ordinary business activity of EUR 32.7 million </li></ul>
Hanover, 19. April 2012
Deutsche Hypothekenbank has registered a result from ordinary business activity of EUR 32.7 million for the financial year 2011 as against the previous year's EUR 45 million. The reason for this contraction lay in, among other things, negative impacts generated by the European government debt crisis. However, new real estate finance business, and as consequence, the Bank's operating income, developed along particularly positive lines.
&quot;The financial year 2011 followed an ambivalent course from Deutsche Hypo's point of view: on the one hand we saw a remarkable upward trend in our new real estate finance business, thus underlining our standing as one of the leading providers of financing for commercial real estate. On the other hand we were not quite able to repeat the previous year's excellent operating result. Given the ongoingly difficult market conditions and the fact that the bank levy alone consumed twelve percent of our previous year's result, we can nevertheless be satisfied with the figure for 2011&quot;, emphasizes Dr. Jürgen Allerkamp, Chairman of the Board of Managing Directors of Deutsche Hypo.
<h3>An excellent year from the operational standpoint</h3>
The new commitments in real estate finance business generated a total of EUR 2,769.2 million in 2011. This was 55.2 percent up on the previous year's figure of EUR 1,784.0 million, with new business in Germany climbing by 38.5 percent to EUR 1,567.5 (previous year: EUR 1,131.6) million and abroad likewise significantly by 84.2 percent to EUR 1,201.8 (previous year: 652.5) million. The real estate finance business portfolio grew by 5.9 percent to EUR 12,125.9 million as against the previous year's figure of EUR 11,447.7 million.
Above all the considerable expansion of new real estate finance business enabled Deutsche Hypo to increase its net interest income in 2011 by 11.1 percent to EUR 191.9 (previous year: 172.7) million. Net commission income dropped from EUR 13.4 to 10.8 million. In the aggregate, net interest and commission income grew by 8.9 percent.
<h3>Improved cost/income and capital ratios</h3>
In spite of having considerably increased its workforce, the Bank succeeded in keeping its administrative expenses at a virtually stable level of EUR 70.6 (previous year: 69.4) million. This positive trend is attributable to initial successes with the efficiency-improving programme commenced last year. The enhanced trend in terms of costs is also reflected in the cost/income ratio which improved in 2011 from 37.2 to 35.8 percent. Besides this, Deutsche Hypo's capital ratios rose significantly – due in particular to the enhanced quality of the real estate finance business portfolio and the retainment of profits in the previous year. The core capital ratio, for example, stood at 8.4 (previous year: 7.7) percent as at year-end.
<h3>Sovereign debt crisis and bank levy weigh on the operating result</h3>
As anticipated, the risk result of EUR -82.7 million was not far off the previous year's level (EUR -78.8 million). Other operating income stood at EUR -5.4 million, primarily due to the contribution to be paid for the first time to the restructuring fund, known as the bank levy, which in Deutsche Hypo's case amounted to EUR 6.5 million. 
The Bank's net income from financial assets of EUR -11.3 (previous year: 6.6) million reflected the turbulences and distortions in the international capital markets in 2011. The only Greek government bond in Deutsche Hypo's portfolio at year-end was appropriately written down from its nominal value of EUR 12 million to 4.2 million. The Bank disposed of that bond in early 2012, and now has no exposure to Greece anymore.
The Bank was able to generate the necessary refinancing volumes at all times during 2011 in spite of the turbulences in the capital market due to the European government debt crisis. In this context its cost-effective issuance platform for Pfandbriefe once again proved its worth as competitive advantage in retail business. All told, Deutsche Hypo issued a volume of EUR 4.9 (previous year: 6.5) billion, broken down into mortgage Pfandbriefe (EUR 1.5 billion), public Pfandbriefe (EUR 1.4 billion) and uncovered bonds (EUR 2.0 billion). March 2011 saw the Bank make use of one of the few available opportunities to place a mortgage Pfandbrief benchmark issue to an amount of EUR 1.0 billion, for which the demand was strong among German and international investors alike.
<h3>Outlook for 2012</h3>
The Bank sees the current year in a positive light: &quot;Provided the European government debt crisis does not escalate in 2012 and continues to leave the commercial real estate market unscathed, Deutsche Hypo will achieve a result from ordinary business activity which is likely to at least slightly exceed that of last year&quot;, says Dr. Allerkamp.
____________________________________________________________________________
Deutsche Hypothekenbank (Actien-Gesellschaft) is a Pfandbrief bank specialising in the financing of commercial real estate finance and capital market business with clients in Germany and abroad. It is a member company of the NORD/LB Group in which it forms the competence centre for the core business field of Commercial Real Estate Finance Business. Founded in 1872, Deutsche Hypo operates in Germany, the United Kingdom, France, Spain, the Benelux countries and the USA. The Bank has its headquarters in Hanover, with branch operations in Hamburg, Frankfurt am Main, Munich, Nuremberg and Dusseldorf, as well as in Amsterdam, London, Madrid and Paris. With around 420 employees and total assets of EUR 35 billion, Deutsche Hypo is among the major German real estate finance institutes. Further information on Deutsche Hypo can be found at <link 1 - internal-link "Öffnet internen Link im aktuellen Fenster">www.deutsche-hypo.de</link>
Contact
Carsten Dickhut<br /><br />Press Officer<br /><br />Tel.: +49 511 3045-580<br /><br />Fax: +49 511 3045-589<br /><br />eMail: carsten.dickhut@deutsche-hypo.de]]></content:encoded -->
      
      
      <pubDate>Thu, 19 Apr 2012 14:45:00 +0200</pubDate>
      
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      <title>Deutsche Hypo funds two properties of the French Gecina Goup</title>
      <link>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2012/01/04/deutsche-hypo-finanziert-zwei-immobilien-der-franzoesischen-gecina-gruppe/</link>
      <guid>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2012/01/04/deutsche-hypo-finanziert-zwei-immobilien-der-franzoesischen-gecina-gruppe/</guid>      
      <description>Deutsche Hypothekenbank has financed two objects with a total volume of 104 million euro for the...</description>
      <!-- content:encoded><![CDATA[Deutsche Hypothekenbank has financed two objects with a total volume of 104 million euro for the French Gecina Group. The buildings are situated in prime inner-city locations of Paris - in the Rue de Louvre and the Avenue Matignon.
With a utility space of approx. 13,500 square meters, the object Avenue Matignon contains the French head office of Christie's. Main tenant of the building Rue de Louvre with 8,000 square meters is the Banque de France.
During the transaction Deutsche Hypo was represented by the notary's office Allez et Associés, the beneficiary by the law firms Cheuvreux and Depardieu Brocas Maffei. Savills has been mandated with the assessment of the market value. 
The loans have an average term of 8.5 years and underline the confidence and the long-term commitment of Deutsche Hypo in the French market. 
&quot;These financings illustrate that the strengthening of personnel in the representative office in Paris has paid off&quot;, states Andreas Pohl, Member of the Board of Managing Directors of Deutsche Hypo. &quot;We see a lot of potential in the French market and will further expand our commitment in this country.&quot; ]]></content:encoded -->
      
      
      <pubDate>Wed, 04 Jan 2012 15:50:00 +0100</pubDate>
      
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      <title>Deutsche Hypo doubles new real estate business</title>
      <link>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2011/08/31/deutsche-hypo-verdoppelt-immobilien-neugeschaeft/</link>
      <guid>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2011/08/31/deutsche-hypo-verdoppelt-immobilien-neugeschaeft/</guid>      
      <description>Net interest income up 15 percent in first half-year        Result from ordinary business activity...</description>
      <!-- content:encoded><![CDATA[<ul><li>Net interest income up 15 percent in first half-year</li><li>        Result from ordinary business activity amounts to EUR 20.3 million</li><li> 			 Capital ratios significantly improved</li></ul>
 			 			              Deutsche Hypothekenbank has registered an operating result from  ordinary business activities of EUR 20.3 million for the first half-year  2011 as against the previous year's EUR 26 million. While net interest  income rose significantly in the wake of a more than doubled volume of  new real estate business, the first-time deferred bank levy and elevated  administrative expenses weighed on the operating result.<br />        <br />        &quot;Given the turbulences in the financial markets, Deutsche Hypo  has delivered a satisfactory operating result for the first half-year.  Our activities in the financing of commercial real estate in Germany and  abroad showed particularly positive development&quot;, commented Dr. Jürgen  Allerkamp, Chairman of Deutsche Hypo's Management Board. &quot;In operative  terms we have again made good progress.&quot;<br />        <br />        <b>Improvement in operative business</b><br />        <br />        Deutsche Hypo increased its net interest income by 15 percent to  EUR 97.5 million as against the figure of EUR 84.8 million for the same  period last year. The volume of new business in real estate financing as  well as the progress in the transfer of the loan portfolio from parent  company NORD/LB to Deutsche Hypo had particularly positive effects. Net  commission income delivered a figure of EUR 5.5 million (previous year:  EUR 8.3 million). In cumulative terms, net interest and commission  income grew by 10.6 percent to EUR 103.0 million (previous year: EUR  93.1 million).<br />        <br />        New commitments in real estate financing business in the first  six months of this year generated a total of EUR 1,432 million, 111  percent up on the previous year's figure for the same period (EUR 679  million). This growth is the result of new business in both Germany (+81  percent) as well as abroad (+178 percent). As against the same period  last year the real estate financing portfolio grew in the first  half-year 2011 by 4.2 percent to EUR 11,645 million.<br />        <br />        March this year saw the Bank issue a public jumbo pfandbrief with  a volume of EUR 1 billion, demand for which was equally strong among  German and foreign investors. In all, the issue volume in the first  half-year 2011 amounted to around EUR 3.3 billion. &quot;The first six months  have demonstrated just how good Deutsche Hypo's standing is in the  capital market. Our issues in their entirety were able to be placed at  what were favourable conditions as compared with the competition&quot;,  emphasized Dr. Allerkamp.<br />        <br />        <b>Bank levy reduces the operating result</b><br />        <br />        Higher staffing figures and increased provisions in human  resources led to an increase in administrative expenses in the first  half of 2011 to EUR 36.5 million as against EUR 33.7 million for the  same period last year. Other operating income fell from EUR 0.2 million  to -2.5 million as result of the first-time deferred contributions to  the restructuring fund for banks, in other words the bank levy. Though  the net-allocations to risk provisioning in credit business remained  virtually unchanged, the Bank's risk result fell from last year's figure  of EUR -30.8 million to EUR -39.8 million. This rise is primarily  attributable to changed requirements on the reporting of hedging  transactions. Net income from investments dropped to EUR -3.9 million  (previous year: EUR -2.8 million), largely due to a depreciation of 40  percent on Greek government bonds:<br />        <br />        At 36.3 percent, the cost-income ratio stabilized at a healthy  level (previous year: 36.1 percent). The Bank's capital ratios rose  significantly as result of the reduction of risk-weighted assets and the  increase in eligible equity capital, with the core capital ratio  attaining a level of 8.8 percent (year-end 2010: 7.7 percent).<br />        <br />                 Outlook marked by uncertainty in the markets<br />                          <br />        Dr. Allerkamp was cautious as regards to the year as a whole: &quot;At  the present time it is not possible to make any forecast as to how the  current sovereign debt crisis is likely to develop and how quickly the  financial markets will recover from the present turbulences. For our  part we are reckoning in the second half of this year to generate  further gains in our new business volume in the sphere of real estate  financing and a modest trend in capital market business.&quot;               <br /> 		            For further information, please contact:<br />                                  <br />        Carsten Dickhut<br />        Pressesprecher<br />               Georgsplatz 8<br />        30159 Hannover<br />        Telefon:  +49 511 3045-580<br />        Telefax:  +49 511 3045-589<br />E-Mail: <link Carsten.Dickhut@Deutsche-Hypo.de>Carsten.Dickhut@Deutsche-Hypo.de</link>]]></content:encoded -->
      
      
      <pubDate>Wed, 31 Aug 2011 12:23:00 +0200</pubDate>
      
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      <title>Deutsche Hypo looks back at a successful year's trading in 2010:</title>
      <link>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2011/04/12/deutsche-hypo-blickt-auf-ein-erfolgreiches-geschaeftsjahr-2010-zurueck/</link>
      <guid>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2011/04/12/deutsche-hypo-blickt-auf-ein-erfolgreiches-geschaeftsjahr-2010-zurueck/</guid>      
      <description>27% increase in new business in its core business, commercial real-estate finance 			 Strong...</description>
      <!-- content:encoded><![CDATA[<ul><li>27%&nbsp;increase in new business in its core business, commercial real-estate finance</li><li> 			 Strong rise of around&nbsp;39%&nbsp;in the bank's net interest and commission income</li><li> 			 Consolidation of the equity capital base</li><li>Cost-income ratio improved to&nbsp;39%&nbsp;(PY:&nbsp;44%)</li></ul>
               During the 2010 financial year, Deutsche Hypo exceeded its  previous year's figures in the key results components and successfully  contended with the conditions on the capital and real-estate markets  which were once again challenging in the year under review. Income from  the bank's two core fields of business, commercial real estate finance  and capital market business, also progressed better than had been the  case in the 2009 financial year.<br />        <br />        &quot;The overall net interest income of over € 172 million, which  represented a rise of around 47%, as well as new business which has been  expanded cautiously are evidence that our business model is sustainable  for our investors and clients, even in a difficult environment,&quot;  stressed Dr. Jürgen Allerkamp, the bank's CEO.<br />        <br />        Developments in the business areas, as well as in the bank's income were as follows in the 2010 financial year:<br />        <br />        The bank managed to generate almost € 400 million more new business (excluding renewals) in <b>real estate finance</b>  than it had done in the previous year, achieving a figure of € 1.8  billion. Domestic business alone accounted for € 279 million of this  growth and € 1.1 billion of the total volume. In conjunction with the  recovery on key real estate markets, improved opportunities for new  business arose again. Deutsche Hypo availed of these opportunities  selectively, taking into account its stringent standards for customer  credit rating and the quality of the properties concerned.<br />        <br />        The portfolio of loans rose by € 1.7 billion (17%) to € 11.5 billion.<br />        <br />        Deutsche Hypo's conscious decision to pursue a cautious strategy  against the background of the state financial crisis in the Eurozone led  to the volume of loans pledged in <b>new business on the capital market</b> coming down to € 2.4 billion (from the previous year's figure of € 2.8 billion).<br />        <br />        The <b>income situation</b> in the year under review was as follows:<br />        <br /><b>        &nbsp;•&nbsp;Net interest and commission income was just below € 186.1  million, up on the previous year’s figure by 38.5%. Key factors in this  positive development were, in particular, the rise in the volume of real  estate finance business and the improved income in real estate finance  and capital market transactions.<br />        <br /> 			 &nbsp;•&nbsp;Administrative expenses were up € 12.8 million on the previous  year, standing at a total of € 69.4 million due to one-off costs, in  particular in compliance with requirements under supervisory law as well  as increased staffing.<br /> 			 <br /> 			 &nbsp;•&nbsp;Nevertheless, the positive trend in income boosted the cost-income ratio to 39.0% (PY: 43.9%).<br /> 			 <br /> 			 &nbsp;•&nbsp;The risk result amounted to a total of € 78.8 million, up € 9.2  million on the previous year. That said, the rise was within the  expected and planned magnitude.<br /> 			 <br /> 			 &nbsp;•&nbsp;The result from ordinary business activity was € 45.0 million, a  clear improvement on the previous year’s result of -€ 29.3 million.<br /> 			 </b><br />          <br />        The bank responded promptly to the higher equity requirements  that were expected in line with Basel III and had already started to  take steps in the 2010 financial year to bolster its equity capital  base. The total capital ratio in accordance with the Solvency Regulation  (SolvV) and the core capital ratio on 31 December 2010 were 10.6% (PY:  9.1%) and 7.7%, (PY: 6.8%) respectively. Thus, both the total capital  ratio and the core capital ratio are well above current statutory  requirements.<br />        <br />                 Outlook<br />                          <br />        Looking ahead to the 2011 financial year, Dr. Allerkamp pointed  out that &quot;we expect the recovery on the most important real estate  markets to continue as the economy starts to pick up, although risks  cannot be ruled out completely due to prevailing market conditions. For  2011, Deutsche Hypo is aiming to achieve a result at the same level as  the previous year”.<br />        <br />               <br /> 		            For further information, please contact:<br />                                  <br />        Head of Marketing and Corporate Communications<br />               Georgsplatz 8<br />        30159 Hannover<br />        Telefon:  +49 511 3045-580]]></content:encoded -->
      
      
      <pubDate>Tue, 12 Apr 2011 17:17:00 +0200</pubDate>
      
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      <title>Deutsche Hypo records pleasing operational development in first half of financial year:</title>
      <link>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2010/08/31/deutsche-hypo-mit-erfreulicher-operativer-entwicklung-im-ersten-geschaeftshalbjahr/</link>
      <guid>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2010/08/31/deutsche-hypo-mit-erfreulicher-operativer-entwicklung-im-ersten-geschaeftshalbjahr/</guid>      
      <description>               Positive development in new business within commercial real estate financing       ...</description>
      <!-- content:encoded><![CDATA[<ul><li><b>               Positive development in new business within commercial real estate financing</b></li><li><b>        Significant increase in net interest income</b></li><li><b>              Very successful issuing activity</b></li><li><b>               Risk provisioning lower than planned despite difficult market environment</b></li><li><b>Development of result within framework of expectations</b></li></ul>
<b>        </b>In the first six months of the current 2010 financial year,  Deutsche Hypo succeeded in maintaining its market position and achieved a  significant increase in net interest income. In particular, the  commercial real estate finance segment saw a pleasing trend following on  from 2009, which was a particularly difficult year. “This development  confirms that the Bank is well-equipped to successfully expand its  business activities, despite the renewed market turbulences seen in  recent months and the fact that the environment remains fragile&quot;,  explained Dr. Jürgen Allerkamp, Chairman of the Management Board at  Deutsche Hypo.<br />        <br />        With continued careful management of foreign business, domestic  business in the commercial real estate finance segment showed pleasing  development. Overall, Deutsche Hypo attracted new business amounting to  €679 million in this segment during the reporting period (same period in  the previous year: €432 million). Furthermore, the desired progress was  made in the extremely complex process of transferring the real estate  finance portfolio from NORD/LB to Deutsche Hypo. Consequently, in the  first six months of the current financial year alone, more than one  billion euros were successfully transferred to Deutsche Hypo. Until such  time as the transfer is complete, Deutsche Hypo will be operating as  the service-provider for the Group’s commercial real estate portfolio,  the total value of which is in the region of €22 billion.<br />        <br />        Business within the capital market segment developed as planned  during the first six months of the financial year. The volume of new  business amounted to €1.3 billion (€1.7 billion). Key areas were  business with target countries having a solid national budget and  traditional local authority loans within Germany.  On the refinancing  side, Deutsche Hypo issues met with lively demand from investors. The  issue of a benchmark Pfandbrief in the amount of €600 million in May was  particularly positive. This was the first issue of a covered bond  following the launch of the rescue package for Greece, and therefore  constituted a re-launch of this issue format in Europe. Overall,  Deutsche Hypo issued debt instruments totalling €3.8 billion in the  first six months of 2010, of which approximately €2.1 billion were  mortgage Pfandbriefe and public Pfandbriefe.<br />        <br />        As at 30 June 2010, the <b>income situation</b> was as follows:<br />        <br />        &nbsp;•&nbsp;Net interest income rose significantly to €88.7 million (€22.3  million). Here, the positive contribution to income made by the  commercial real estate finance segment was just as noticeable as the  loss of exceptional expenses in the period used for comparison.<br />        <br />        &nbsp;•&nbsp;Commission income continued to show positive development and  reached €8.4 million, an increase compared with the same period in the  prior year (€6.8 million).<br />        <br />        &nbsp;•&nbsp;During the reporting period, the result from financial  instruments at fair value, including hedge accounting, fell by €66.1  million to -€24.8 million (€41.1 million). This development was  considerably influenced by an expansion of the credit spread within the  credit derivatives portfolio.<br />        <br />        &nbsp;•&nbsp;New employee appointments, the transfer of the NORD/LB  employees to the London site and a rise in material expenses due to  higher project outlay led to an increase in administrative expenses,  which climbed to €32.6 million. As a consequence, the cost-income ratio  increased from 35 percent to 44 percent.<br />        <br />        &nbsp;•&nbsp;Loan loss provisions displayed stable development. At €29.9  million (€25.7 million), this result was below plan, despite the  strained situation on certain real estate markets.<br />        <br />        &nbsp;•&nbsp;This resulted in a pre-tax consolidated result of €11.7  million (prior year: €25.3 million). The net group income for the year  amounted to €6.0 million (prior year: €15.8 million).<br />        <br />                 Outlook<br />                <br />	        Deutsche Hypo stands by the prediction it made at the start of  the year regarding the overall trend for the 2010 financial year. The  Bank still believes that there are risks posed by some of its foreign  real estate target markets and due to the continuing volatility on the  financial markets. “We will therefore continue to focus on sustainable,  income-oriented growth, retain our conservative risk profile and remain a  reliable partner for our customers”, stressed Dr. Allerkamp. “We expect  a positive consolidated result for the 2010 financial year as a whole.&quot;<br />        <br />        <img src="uploads/RTEmagicC_f864524b7f.gif.gif" border="0" height="15" width="18" alt="" />&nbsp;<link http://www.deutsche-hypo.de/all/download/ge_bd_hj_2010_english.pdf _blank external-link-new-window "Öffnet externen Link in neuem Fenster">&nbsp;<b>- Financial results of the Deutsche Hypo Group for 2010 financial year (IFRS)</b></link><br />        <br />                        For further information please contact:<br />         <br />                        Markus Nitsche<br />        Head of Marketing and Corporate Communications<br />        Georgsplatz 8 <br />        30159 Hannover<br />        Telefon: +49 511 3045-580<br />        Telefax: +49 511 3045-589<br />        E-Mail: <link http://deutsche-hypo.de.dd26326.kasserver.com/deutsche-hypo.de/typo3/mailto:Markus.Nitsche@Deutsche-Hypo.de">Markus.Nitsche@Deutsche-Hypo.de</link>]]></content:encoded -->
      
      
      <pubDate>Tue, 31 Aug 2010 17:22:00 +0200</pubDate>
      
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      <title>Deutsche Hypo closes financial year 2009 in profit:</title>
      <link>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2010/04/29/deutsche-hypo-schliesst-geschaeftsjahr-2009-mit-positivem-ergebnis-ab/</link>
      <guid>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2010/04/29/deutsche-hypo-schliesst-geschaeftsjahr-2009-mit-positivem-ergebnis-ab/</guid>      
      <description>               Operating revenue before provision for risk up markedly to € 162 million       ...</description>
      <!-- content:encoded><![CDATA[<ul><li>               <b>Operating revenue before provision for risk up markedly to € 162 million</b></li><li>        <b>Provision for risk adapted to difficult market climate</b></li><li>        <b>Pre-tax profit up to € 13 million</b></li><li>        <b>Bank's core areas of business develop in line with expectations in extremely</b></li><li><b>        difficult trading conditions</b></li></ul>
        Deutsche Hypo, which belongs to the NORD/LB Group, made a profit  in 2009, which proved to be a particularly challenging year for banks.  &quot;Given the continued difficult economic conditions enveloping our target  markets, we are very pleased to have strengthened Deutsche Hypo's  position in the market,&quot; stressed Dr. Jürgen Allerkamp, CEO of Deutsche  Hypo. &quot;Thanks to our transparent and stable business model, we have also  been able to be a reliable partner to our customers during the  turbulent spells over the past two years.&quot;<br />        <br />        However, the crisis on the financial markets was not without  repercussions for Deutsche Hypo in fiscal 2009 either. The most  significant features of these negative effects were increased provision  set aside to cover risk and a volume of new business which was adapted  in line with market conditions. For example, the bank approved € 1.4  billion of new commercial <b>real-estate finance</b> business, down 21%  on the previous year. Deutsche Hypo has been deliberately cautious in  its foreign business, being very selective in approving new business,  which totalled around € 550 million. In Germany, Deutsche Hypo increased  its new business by 16% to € 853 million. The inventory of real-estate  finance was up 8% to almost € 10 billion.<br />        <br />        The volume of new business in the <b>capital market</b> rose by a  good 21% to € 2.8 billion. During the period under review,  international business was down, only accounting for  28%. The high  level of supply on the domestic market had prompted Deutsche Hypo to  shift its focus. 72% of new business came from Germany in 2009.<br />        <br />        The bank was consistently able to rely on its strong network of dependable capital market partners in the <b>refinance business</b>.  Consequently, despite occasional pronounced market distortions during  the first half of the year, it ensured that its issue activities  functioned well at all times. For example, the total issue volume of €  4.9 billion was above the previous year’s figure of € 4.2 billion, with €  3.1 billion relating to mortgage bond products.<br />        <br />        In line with his personal future plans, Jürgen Grieger (59) will  be retiring on his 60th birthday, on 28 February 2010. The renowned  capital market expert has been employed at Deutsche Hypo since 1990 and  was appointed to the Management Board in 1996, where his main area of  responsibility is the Treasury Division. Moreover, the name Grieger is  associated with the successful introduction of the German Pfandbrief  Act, which was of great significance for the German Pfandbrief market.  Grieger was responsible for the introduction of this Act during his time  as President of the former Association of German Mortgage Banks, from  2003 to 2005.<br />        <br />        <b>Revenue</b> is as follows, following the end of financial year 2009:<br />        <br />        •	Net interest income was down almost 7% at € 98 million. € (PY €  105 million). The positive contribution from operating interest rate  conditions was offset in the first quarter of 2009 primarily by the  volatile interest rate climate and by the subsequent unexpected  development in net interest received from capital market business.<br />        <br />        •	Net commission received was up the previous year, rising from € 10 million to € 13 million.<br />        <br />        •	The trading result or the result from financial instruments at  fair value, including hedge accounting, rose € 188 million on the  previous year, standing at € 68 million. This rise in performance was  essentially due to the write-up effects resulting from the normalising  of the situation on the financial markets, compared with the negative  fair value development of the previous year. The bank's portfolio of  credit derivatives benefited from this development with a fair value  improvement of the order of tens of millions of euros.<br />        <br />        •	Administrative expenses rose as expected, primarily due to  project-related one-off effects, and amounted to around € 55 million  (PY: € 45 million), including write-downs.<br />         <br />        •	Provision for risk in credit transactions rose noticeably by €  60 million to € 91 million. The impact of the financial markets crisis  on the real economy weighed heavily on the real estate markets which are  of relevance to the bank. There was a marked rise, in particular, in  the provision of risk for commitments from English-speaking countries.<br />        <br />        •	The overall improvement in the performance of financial assets  of € -58 million placed less of a burden on the bank's profitability  than had been the case in the previous year (€ -87 million).<br />        <br />        •	This gave rise to a pre-tax profit of € 13 million (PY: € -156  million). The group posted profits after tax of € 10 million (PY: € -97  million).<br />        <br />                 Outlook<br />                <br />	        Deutsche Hypo has made a satisfactory start to the first quarter  of 2010. It has seen growth in real-estate finance and capital market  business. In terms of net interest income, the increased inventory of  real-estate finance with rising margins has brought about a sustainably  higher contribution towards operating income. The net interest income of  € 45.9 million is well above target and, together with administrative  expenses which are developing as expected, the pre-tax profit is  significantly ahead of the target pro rata.<br />        <br />        However, Deutsche Hypo is bracing itself for continued  difficulties in trading throughout fiscal 2010. &quot;Despite cautiously  optimistic expectations about the economy, we still envisage risks, in  particular in some of our target real-estate markets outside Germany.  Therefore, we do not expect to see these real-estate markets make a  sustainable recovery until the medium term&quot;, says Dr. Jürgen Allerkamp.  He underlined the fact that &quot;making provision for risk will, therefore,  continue to be the decisive uncertainty factor for the overall result in  2010. However, we are aware that our risk management has proved its  worth in the past and is well set up. Together with the bank's solid  customer base and our stable business model, we feel well-armed in the  competitive market for commercial real-estate finance.&quot;<br />        <br />        <br />                        For further information please contact:<br />         <br />                        Markus Nitsche<br />        Head of Marketing and Corporate Communications<br />        Georgsplatz 8 <br />        30159 Hannover<br />        Telefon: +49 511 3045-580<br />        Telefax: +49 511 3045-589<br />        E-Mail: <link Markus.Nitsche@Deutsche-Hypo.de>Markus.Nitsche@Deutsche-Hypo.de</link>]]></content:encoded -->
      
      
      <pubDate>Thu, 29 Apr 2010 17:25:00 +0200</pubDate>
      
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      <title>Jürgen Allerkamp becomes Chairman of the Management Board at Deutsche Hypo</title>
      <link>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2009/11/30/juergen-allerkamp-wird-vorstandsvorsitzender-der-deutschen-hypo/</link>
      <guid>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2009/11/30/juergen-allerkamp-wird-vorstandsvorsitzender-der-deutschen-hypo/</guid>      
      <description>Dr. Jürgen Allerkamp is to take on the role of Chairman of the  Management Board at Deutsche...</description>
      <!-- content:encoded><![CDATA[Dr. Jürgen Allerkamp is to take on the role of Chairman of the  Management Board at Deutsche Hypothekenbank (Actien-Gesellschaft) in  Hanover. The Supervisory Board of the Bank reached this decision on  Friday. <br />        <br />        Since 1998, Allerkamp has been a member of the Management Board  of NORD/LB Norddeutsche Landesbank. He holds responsibility for the  Finance and Organisation/IT divisions of NORD/LB, among other things.  Prior to assuming this position, the 53 year-old jurist and political  scientist held various roles at WestLB and Stadtsparkasse Dresden. He  will take up his position as Chairman of the Management Board of  Deutsche Hypo on 1 February 2010. The Bank is a wholly-owned subsidiary  of NORD/LB.<br />        <br />        “In Dr. Allerkamp, Deutsche Hypo gains a competent and versatile  manager who, in his position on the Management Board of NORD/LB, also  held responsibility for the Real Estate Banking and Housing Industry  divisions for a long time and is therefore extremely familiar with the  sector”, explained Dr. Gunter Dunkel, Chairman of the Supervisory Board  of Deutsche Hypothekenbank and Chairman of the Management Board of  NORD/LB. “On the Management Board of NORD/LB, I have always enjoyed a  very good working relationship with Dr. Allerkamp, based on a great deal  of trust. He is the right man to position Deutsche Hypo for future  success, in line with the Group’s strategy.” The Supervisory Board of  NORD/LB will decide who is to replace Dr. Allerkamp on the Bank’s  Management Board on 11 January next year.<br />        <br />        To date, Deutsche Hypo has been led by four members of the  Management Board, each holding equal rights. In future, Allerkamp will  assume central responsibility for Deutsche Hypo, in his capacity as  Chairman of the Management Board. Allerkamp’s appointment comes against  the background of forthcoming personnel changes on the Management Board  of the Bank. Whilst Andreas Pohl and Andreas Rehfus will remain part of  the Bank’s management team, the other board members, Jürgen Grieger and  Jürgen Morr, will be leaving the company.<br />        <br />        In line with his personal future plans, Jürgen Grieger (59) will  be retiring on his 60th birthday, on 28 February 2010. The renowned  capital market expert has been employed at Deutsche Hypo since 1990 and  was appointed to the Management Board in 1996, where his main area of  responsibility is the Treasury Division. Moreover, the name Grieger is  associated with the successful introduction of the German Pfandbrief  Act, which was of great significance for the German Pfandbrief market.  Grieger was responsible for the introduction of this Act during his time  as President of the former Association of German Mortgage Banks, from  2003 to 2005.<br />        <br />        Jürgen Morr (54) will be leaving the Bank on 31 March 2010, of  his own volition. He joined Deutsche Hypo in 1993 and since then has  held managerial roles within the domestic and international commercial  real estate financing sector, in both the front and back offices. In  2001, he was appointed to the Management Board of Deutsche Hypo, where  his responsibilities include commercial real estate financing. <br />        <br />        Dr. Dunkel thanked the outgoing members of the Management Board  for their successful work. “We would like to thank Mr. Grieger and Mr.  Morr for their firm commitment and their many years of successful work  for Deutsche Hypo. Their efforts have brought the Bank an outstanding  reputation and a great deal of profit. Both have therefore played a  significant role in the successful development of Deutsche Hypo’s  business model. The Supervisory Board thanks both men for their  excellent work and wishes Mr. Grieger and Mr. Morr all the best for the  future.”<br />        <br />        <br />                        For further information please contact:<br />         <br />                        Markus Nitsche<br />        Head of Marketing and Corporate Communications<br />        Georgsplatz 8 <br />        30159 Hannover<br />        Telefon: +49 511 3045-580<br />        Telefax: +49 511 3045-589<br />        E-Mail: <link Markus.Nitsche@Deutsche-Hypo.de>Markus.Nitsche@Deutsche-Hypo.de</link>]]></content:encoded -->
      
      
      <pubDate>Mon, 30 Nov 2009 17:26:00 +0100</pubDate>
      
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      <title>Deutsche Hypo presents its half-yearly figures:</title>
      <link>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2009/08/28/deutsche-hypo-praesentiert-halbjahreszahlen/</link>
      <guid>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2009/08/28/deutsche-hypo-praesentiert-halbjahreszahlen/</guid>      
      <description>        Challenging market conditions influence performance of the Bank        New business remains...</description>
      <!-- content:encoded><![CDATA[<ul><li>        <b>Challenging market conditions influence performance of the Bank</b></li><li>        <b>New business remains steady</b></li><li><b>Issuing business remains stable</b></li></ul>
        During the first six months of the current financial year, the  global recession and the ongoing crisis on the financial markets have  continued to place a strain upon the commercial real estate market.  Deutsche Hypo therefore had to make further adjustments to its approach  with regard to new business, in order to reflect ongoing market  conditions.<br />        <br />        As far as <b>commercial real estate finance business</b> is  concerned, the Bank has approved new business to the value of €431  million, which represents a reduction of 59% when compared to the same  period in the previous year. Deutsche Hypo intentionally implemented a  substantial reduction, especially in its foreign business and above all  in relation to business involving lending relating to real estate in the  USA and the United Kingdom. The Bank’s real estate finance portfolio  increased by €542 million (+6.1%) to €9.410 million.<br />        <br />        Deutsche Hypo also recorded <b>new public lending business</b>  worth approximately €1.7 billion, which is equivalent to a rise in  excess of 75%. This new business fulfilled all of the Bank’s  requirements in terms of quality and profitability. The Bank’s <b>refinancing business</b>  continued to operate without any problems. During the first six months  of 2009, the Bank’s issues totalled approximately €2.5 billion, of which  Pfandbrief products accounted for around €1.9 billion.<br />        This volume confirms that even during a period of crisis, the  Bank was always in a position to procure the requisite level of  liquidity via the capital market, even if the refinancing conditions  were difficult for the Bank, as well as for the sector as a whole.<br />        <br />        As far as its <b>income situation</b> was concerned, the Bank did  however feel the effects of the unfavourable market conditions. The  reduction in new real estate lending business and the increase in  refinancing costs had an effect upon the Bank’s net interest and  commission income, whilst the Bank regarded the ongoing weakness of the  real estate lending market as an indication that increasing its risk  provisioning was an essential step. A detailed breakdown of the income  situation of Deutsche Hypo during the reporting period is as follows: <br />        <br />        •&nbsp;&nbsp;Net interest and commission income decreased by 20% from €59.2 million to €47.5 million.<br />        <br />        •&nbsp;&nbsp;General administrative expenses rose by just under €8 million  to €25.6 million. As a result, the cost/income ratio deteriorated from  30.0% to 54.0%.<br />        <br />        •&nbsp;&nbsp;The provisioning charge in relation to lending activities  increased by €19.0 million to €23.3 million (€4.3 million in the same  period last year). At €0.2 million, the result earned from securities  held in the liquidity reserve represented an improvement on the previous  year (-€10.3 million). Provisions of €14.0 million were reversed in  accordance with Section 340f of the German Commercial Code (HGB) and  this duly had an effect on the result. Overall, the risk result  therefore improved by €5.3 million to -€9.2 million (-€14.5 million  during the same period in 2008).<br />        <br />        •&nbsp;&nbsp;In terms of its investment result, the Bank recorded a  negative balance of €8.9 million (€5.2 million in the same period in  2008). The write-downs included in this figure predominantly relate to  securities held as fixed assets.<br />        <br />         •&nbsp;&nbsp;The result from ordinary business activity, at €608,000, was  approximately €21.5 million down when compared to the result as at 30  June 2008.<br />        <br />        •&nbsp;&nbsp;Net income for the year, at €696,000, was slightly higher than  the result from ordinary business activity and can be attributed to tax  refunds totalling €88,000.<br />        <br />        <br />                        Outlook<br />                <br />        Deutsche Hypo believes that its business model is a sustainable  one as far as commercial real estate finance is concerned, as well as  with regard to its public lending and refinancing business. Deutsche  Hypo's risk management system has proved to be both robust and reliable.  The Bank is of the opinion that the additional burdens and risks  resulting from the crisis are manageable.<br />        <br />        At the present time, it is not yet possible to predict the extent  to which the additional burdens on the financial markets caused by the  crisis and the effects of these upon the real economy will continue to  apply during the course of 2009. Nor is it possible to determine whether  the slight economic recovery that has been observed since the summer of  2009 is likely to prove resilient and sustainable in the target markets  of Deutsche Hypo. The ongoing high degree of uncertainty therefore  means that it is still impossible to issue a serious prediction with  regard to predicted profits for the 2009 financial year as a whole.<br />        <br />        <br />                 For further information please contact:<br />         <br />                        Markus Nitsche<br />        Head of Marketing and Corporate Communications<br />        Georgsplatz 8 <br />        30159 Hannover<br />        Telefon: +49 511 3045-580<br />        Telefax: +49 511 3045-589<br />        E-Mail: <link Markus.Nitsche@Deutsche-Hypo.de>Markus.Nitsche@Deutsche-Hypo.de</link>]]></content:encoded -->
      
      
      <pubDate>Fri, 28 Aug 2009 17:29:00 +0200</pubDate>
      
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      <title>Deutsche Hypo presents its 2008 annual results</title>
      <link>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2009/03/16/deutsche-hypo-praesentiert-jahresergebnis-2008/</link>
      <guid>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2009/03/16/deutsche-hypo-praesentiert-jahresergebnis-2008/</guid>      
      <description>        Net interest and commission income up by 5.7%        Results characterised by distortions...</description>
      <!-- content:encoded><![CDATA[<ul><li>        <b>Net interest and commission income up by 5.7%</b></li><li>        <b>Results characterised by distortions on the global financial markets</b></li></ul>
        At today’s balance sheet meeting, the Supervisory Board of  Deutsche Hypo established its annual financial statements for the 2008  financial year; a year which was a particularly challenging one for  Deutsche Hypo as well as for the banking sector as a whole.<br />        <br />        In a market environment, which was characterised during the 2008  reporting year by the most severe distortions on the financial markets  for decades and the precursors to a global recession, Deutsche Hypo was  unable to escape the turbulences.<br />        <br />                 Reduction in the volume of new business<br />                <br />        In response to the worsening situation on the financial markets  during the second half of the year and its severe impact on the  refinancing situation of banks, as a whole, Deutsche Hypo adapted its  new business to market conditions. The Bank therefore reduced the volume  of <b>new mortgage lending commitments</b> by over a third, to around <b>€1.8 billion</b>  (previous year €2.7 billion). Particularly as regards foreign business,  above all in the target markets of the US and the UK, the Bank made a  conscious decision to be more cautious when taking on new business.  Overall, Deutsche Hypo reduced its foreign business by over 50%, to €1  billion. At home, new business grew by €335 million to €736 million.<br />        <br />        <b>Mortgage lending</b> increased by €550 million to €9094 million, which corresponds to an increase of 6.4%.<br />        <br />        The <b>volume of new commitments in capital market business</b>, totalling around <b>€2.3 billion</b>,  which was equivalent to a 52% decrease, likewise reflects the enormous  impact of the turbulences on the capital markets. Given Deutsche Hypo’s  risk-sensitive business strategy, 2008 offered few new business  opportunities. A high degree of volatility on the markets and a  continual increase in credit premiums for bonds also resulted in  Deutsche Hypo adopting a very cautious approach to new business.<br />        <br />        In 2008, the Pfandbrief market was characterised by the  noticeable caution exercised by national and international investors.  For Deutsche Hypo, this development meant that it could not return to  the issue volumes of previous years, and at <b>€4.2 billion</b>, the <b>issue volume</b> was significantly lower than the previous year (€6.5 billion). Irrespective of this, <b>Deutsche Hypo was always in a position to secure the liquidity of the Bank without restrictions</b>.<br />        <br />                 Profitability restricted by distortions on the market<br />                <br />        Details regarding the profitability of the Bank in the 2008 financial year are set out below:<br />        <br />        • Primarily due to the fact that the Bank’s core business areas  are continuing to make a stable contribution to profit, the Bank  achieved <b>net interest and commission income</b> of €118.3 million,  equivalent to a 5.7% increase, when compared to the previous year.   Interest income increased by €3.0 million to just under €109 million,  whilst commission income rose by €3.4 million to €9.4 million.<br />        <br />        • Compared to the same period last year, <b>administrative expenses</b>  increased by 10.4%, in line with expectations, and amounted to €39.4  million, including amortization. Personnel expenses increased by 11.6%  and other general office expenses increased by 10%. The increase in  personnel expenses can be explained by the transfer of 83 employees from  NORD/LB, who, up until the end of the third quarter, were employed in  the commercial real-estate banking division of NORD/LB and were  transferred to Deutsche Hypo as part of the merger of this business area  with Deutsche Hypo.<br />&lt;         • The cost/income ratio rose to 33.3% and continues to represent a  good cost/income ratio, given the turbulences on the financial markets.<br />        <br />        • The balance of <b>other operating revenues and expenditure</b>  increased significantly and posted a surplus of €16.5 million. The high  revenues essentially resulted from the difference between book values  and sales revenues in respect of properties that were not essential to  the Bank’s business operations.<br />        <br />        • The <b>risk result</b> of €4.8 million fell significantly below the value of €25.4 million achieved for the previous year. The <b>risk provisioning for lending business included in this figure</b>  was €22.7 million (previous year €12.4 million). This rise is due to  the somewhat tense situation on some property markets, but was  nevertheless in line with expectations. In addition, it must be taken  into consideration that the value for the previous year was  extraordinarily low compared to past values. The <b>risk result with regard to the liquidity reserve</b>  was certainly affected by the escalation on the international financial  markets. Revenues were generated from one-off effects, which resulted  in a positive result for the liquidity reserve and served to reduce the  negative impact of the credit risk result.<br />        <br />        • As a result of sustained losses in market value suffered by  certain securities held in assets, on balance, the Bank incurred a high  level of <b>expenditure associated with the depreciation of</b> these securities, <b>to the tune of €93.6 million</b> (previous year €1.3 million).<br />        <br />        • Due to the cost relating to the depreciation of securities described above, the <b>result from ordinary business activity</b>  saw a noticeable decrease, and with a negative balance of €3.0 million,  was €52.3 million lower than the value of the previous year.<br />        <br />        • A <b>positive result of €0.6 million</b> was achieved <b>after tax</b>.  This was largely based on the correction of the tax provisions and tax  claims, which resulted on balance in a return of €3.6 million net.<br />        <br />                 Comfortable capitalisation of Deutsche Hypo<br />                <br />        On 31 December 2008, Deutsche Hypo had a core capital ratio  (“tier 1 ratio”) of 8.6% (previous year 5.5%) and a total equity ratio  of 11.4% (previous year 9.3%). The Bank is therefore exceeding not only  the respective legal requirements, but also has comfortable  capitalisation, given its comparatively low risk profile.<br />        <br />                 Outlook<br />                <br />        The current year 2009 will continue to be dominated by the  persistence of the financial market crisis and the global recession.  Considerable risks and imponderables are associated with this, which  make it difficult to provide an outlook for the rest of the 2009  financial year for Deutsche Hypo. At present, the Bank is not assuming  that the market conditions will radically improve during the course of  2009.<br />        <br />        However, despite these uncertainties, Deutsche Hypo continues to  believe that it is in a position to be able to deal successfully with  the existing challenges. Overall, the Bank deems its business model to  be healthy and sustainable both as far as mortgage lending and capital  market and refinancing business are concerned.<br />        <br />        <br />                 For further information please contact:<br />         <br />                        Markus Nitsche<br />        Head of Marketing and Corporate Communications<br />        Georgsplatz 8 <br />        30159 Hannover<br />        Telefon: +49 511 3045-580<br />        Telefax: +49 511 3045-589<br />        E-Mail: <link Markus.Nitsche@Deutsche-Hypo.de>Markus.Nitsche@Deutsche-Hypo.de</link>]]></content:encoded -->
      
      
      <pubDate>Mon, 16 Mar 2009 17:31:00 +0100</pubDate>
      
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      <title>Deutsche Hypo presents nine-monthly figures</title>
      <link>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2008/10/31/deutsche-hypo-praesentiert-neunmonatszahlen/</link>
      <guid>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2008/10/31/deutsche-hypo-praesentiert-neunmonatszahlen/</guid>      
      <description>In a turbulent environment, in which dramatic events on the  global financial markets have led to...</description>
      <!-- content:encoded><![CDATA[In a turbulent environment, in which dramatic events on the  global financial markets have led to extreme market distortions of  historical proportions, Deutsche Hypo’s operative business has developed  as expected during the first nine months of the current financial year.<br />        <br />        The volume of <b>new mortgage business</b> amounted to over €1.6  billion (-23.4%). Although this amount was below the exceptionally high  result of the previous year (€2.1 billion), it is still in line with our  plans for the first nine months. The portfolio increased by €637  million to around €9.2 billion.<br />        <br />        During the period under review, <b>capital market transactions</b>  amounted to €1.6 billion (-52.5%) and in view of the problematic market  environment, this represents the result of the cautious investment  policy that we continue to adopt. <br />        <br />        The <b>refinancing transaction</b> suffered from market-wide  stagnation, however, as demand over the past few weeks almost ceased  completely. Nevertheless, Deutsche Hypo was able to issue €3.4 billion  during the first nine months of the current financial year, €1.6 billion  of which was related to Pfandbrief products, which also means that the  liquidity of the Bank remains assured.<br />        <br />        During the period under review, the Bank’s profit situation was  greatly affected by the escalation of the crisis on the financial  market. The value of some securities of the fixed assets was greatly  affected. The involvement of Deutsche Hypo in an Icelandic bank to the  tune of €35 million could no longer be classed as being sustainable in  the long term, with the result that the value of this amount had to be  adjusted by 75%. The bank published this measure in a separate <b>ad-hoc report on 29 October 2008</b>.<br />        <br />        Deutsche Hypo’s profit situation on 30 September 2008 was presented in detail as follows:<br />        <br />        • The <b>positive trend in net interest and commission income</b> fortunately continued, and at €90.1 million, the Bank <b>gained almost 10 percent</b>.  The reason underlying the rise in interest-rate profits of 84.7% (+  6.4%) lay in the increase in the lending portfolio and the increase in  average margins, whilst the rise in commission income, at €5.4 million  (+ 52.9%), was primarily driven by earnings achieved as a result of the  Bank’s foreign real estate financing business.<br />        <br />        • The <b>risk result</b> increased by €13.7 million to €35.0  million. Of this amount, €23.5 million was spent on precautionary  measures in the liquidity reserve, which will be considered however as  temporary fluctuations in value and then as non-sustainable reduction in  value. One positive development is the <b>pleasing development within the risk provision in the credit business</b>. By the usual conservative estimation, this decreased by 13% to €11.5 million.<br />        <br />        • Some securities of the fixed assets were extremely negatively  affected by the aforementioned market distortions. All in all, all new  estimates in the asset ledger, which we have classed as no longer  retaining their value over the long term, led to a value consumption to  the value of €42.8 million, which corresponds to the information shown  on the <b>investment result</b>.<br />        <br />        • The <b>pre-tax amount</b> on 30 September 2008 therefore dropped by €33.4 million to €1.7 million compared to the same period last year.<br />        <br />                         Outlook<br />                                    <br />	        When looking back at the entire financial year 2008, on the basis  of the current state of affairs, the bank is not assuming that there  will be a significant improvement on the financial markets until the end  of the year. Present circumstances, which have a negative effect on the  bank's profits, will remain unchanged. In addition, following the  deadline of 30 September 2008, the repercussions of any shocks that  should occur that put a strain on the markets will affect us too. In the  first instance, the development of this can be seen in Iceland. On the  basis of present circumstances, Deutsche Hypo assumes that the bank will  be forced to bear the negative consequences.<br />        <br />        From today’s perspective, this starting point makes it impossible  to provide a serious and reliable forecast for the year as a whole. We  are standing by our decision, which we already made in the six-monthly  financial report, which was to refrain from forecasting concrete results  and dividends forecast for the 2008 financial year.<br />        <br />        <br /> 			          For further information please contact:<br />         <br />                        Markus Nitsche<br />        Head of Marketing and Corporate Communications<br />        Georgsplatz 8 <br />        30159 Hannover<br />        Telefon: +49 511 3045-580<br />        Telefax: +49 511 3045-589<br />        E-Mail: <link Markus.Nitsche@Deutsche-Hypo.de>Markus.Nitsche@Deutsche-Hypo.de</link>]]></content:encoded -->
      
      
      <pubDate>Fri, 31 Oct 2008 17:35:00 +0100</pubDate>
      
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      <title>Increase in capital for Deutsche Hypo secures growth</title>
      <link>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2008/10/07/kapitalerhoehung-fuer-deutsche-hypo-sichert-wachstum/</link>
      <guid>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2008/10/07/kapitalerhoehung-fuer-deutsche-hypo-sichert-wachstum/</guid>      
      <description>The successful merger of Deutsche Hypo and the commercial  real-estate banking division of NORD/LB...</description>
      <!-- content:encoded><![CDATA[The successful merger of Deutsche Hypo and the commercial  real-estate banking division of NORD/LB sees two strong partners join  forces in what is an important strategic business area for the NORD/LB  group. This merger means that Deutsche Hypo has been the competence  centre for commercial real-estate banking in the NORD/LB group since 1  October 2008.<br />        <br />        This integration and the transfer of the loan portfolios will  result in strong growth for the bank. The Deutsche Hypo’s supply of  capital will therefore be adjusted to take account of the new variable.<br />        <br />        For this reason, NORD/LB decided yesterday to allocate approved  capital, in the form of core capital subject to regulatory control, to  Deutsche Hypo, in which it holds a share of approximately 98.56%,  through the payment of <b>180 million euros</b> to the free reserve, in accordance with Article 272 paragraph. 2 No. 4 of the German Commercial Code.<br />        <br />        The national and international presence of the bank, its broad  and balanced target market and product portfolio, together with its  in-depth market expertise and conservative risk management, create a  robust business model which forms the basis for Deutsche Hypo’s  continued market growth.<br />        <br />        <br /> 			          For further information please contact:<br />         <br />                        Markus Nitsche<br />        Head of Marketing and Corporate Communications<br />        Georgsplatz 8 <br />        30159 Hannover<br />        Telefon: +49 511 3045-580<br />        Telefax: +49 511 3045-589<br />        E-Mail: <link Markus.Nitsche@Deutsche-Hypo.de>Markus.Nitsche@Deutsche-Hypo.de</link>]]></content:encoded -->
      
      
      <pubDate>Tue, 07 Oct 2008 17:36:00 +0200</pubDate>
      
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      <title>Deutsche Hypo's H1 results: A solid performance in line with expectations</title>
      <link>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2008/09/02/halbjahreszahlen-der-deutschen-hypo-solide-geschaeftsentwicklung-im-rahmen-der-erwartungen/</link>
      <guid>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2008/09/02/halbjahreszahlen-der-deutschen-hypo-solide-geschaeftsentwicklung-im-rahmen-der-erwartungen/</guid>      
      <description>        During the first six months of the current financial year the  Bank has been able to hold...</description>
      <!-- content:encoded><![CDATA[        During the first six months of the current financial year the  Bank has been able to hold its own despite the ongoing distortions on  the market and a changing competitive environment. The <b>satisfactory development of business overall</b>  during the first half of 2008 is a gratifying result in light of the  continuing crisis on the financial markets. Thanks to the Deutsche Hypo  business model, which is less susceptible to fluctuation, the negative  fall-out from the crisis was manageable.<br />        <br />        <b>New mortgage business</b>, totalling just over € 1 billion,  developed as forecast. Of this total, € 715 million related to new  foreign business and € 333 million to new domestic lending.<br />        <br />        Comparisons with the previous year's figures must take into  account the fact that the new business figures for the first half of  2007 were untypically high due to a major portfolio financing  arrangement and were almost 20% higher than during the half-year under  review. Basically, business has progressed as planned in this segment.<br />        <br />        The mortgage portfolio has grown by 4% or € 326 million since the beginning of the year to around € 8.9 billion.<br />        <br />        With regard to <b>new capital market business</b>, Deutsche Hypo  continued to pursue its selective and reticent investment policy in view  of the ongoing volatility on the capital markets. At just under € 1  billion, the volume of new business was around a third as high as during  the first half of 2007.<br />        <br />        With regard to <b>refinancing</b>, it was domestic demand in  particular that dominated issuing activity. This reliable level of  domestic sales meant that the Bank was able to procure liquidity without  any problems. Overall, Deutsche Hypo's issues during the first  half-year totalled € 2.5 billion, with € 1.0 billion relating to  Pfandbrief products.<br />        <br />         The Bank’s <b>income</b> developed as follows over the first six months of the current financial year:<br />        <br />               &nbsp;&nbsp;&nbsp;• <b>Net interest and commission&nbsp; income</b> was&nbsp; up 9 % to € 59.2 million &nbsp;(previous year:<br />        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;€ 54.5&nbsp; million).&nbsp; Both of&nbsp; the Bank's&nbsp; areas&nbsp; of&nbsp; business&nbsp; were&nbsp; able to make&nbsp; a positive<br />        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;contribution to this result.<br />        <br />        &nbsp;&nbsp;&nbsp;• <b>Administrative&nbsp; expenses</b>, at&nbsp; € 17.8&nbsp; million, were&nbsp; almost unchanged year-on-year<br />        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(€ 17.6 million).<br />        <br /> 			 &nbsp;&nbsp;&nbsp;• The <b>cost/income ratio</b> was cut to 30.0%, and thus down on the already low result of<br /> 			 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32.4% recorded during the same period of the previous year.<br /> 			 <br /> 			 &nbsp;&nbsp;&nbsp;• The&nbsp; further&nbsp; fall&nbsp; in&nbsp; the&nbsp; <b>risk&nbsp; provisioning&nbsp; charge&nbsp; for&nbsp; lending &nbsp;business</b> &nbsp;was&nbsp; a<br /> 			 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;welcome development. At € 4.3 million,&nbsp; it was&nbsp; 46% down on the&nbsp; previous year's figure<br /> 			 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;of&nbsp; € 7.9&nbsp; million.&nbsp; Due&nbsp; to&nbsp; the&nbsp; ongoing impact of the financial market crisis, there was a<br /> 			 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;year-on-year rise of&nbsp; € 6.6 million in <b>provisioning measures related to the liquidity<br /> 			 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;reserve</b>. With regard to its&nbsp; <b>investment result</b>, the&nbsp; Bank reported a negative balance<br /> 			 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;of € 5.2 million.&nbsp; This&nbsp; was&nbsp; attributable&nbsp; to&nbsp; writedowns on securities held as fixed assets,<br /> 			 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;with&nbsp; regard&nbsp; to which&nbsp; the Bank&nbsp; was forced&nbsp; to expect a long-term&nbsp; impairment&nbsp; loss. On<br /> 			 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;balance, the Bank&nbsp; recorded a&nbsp; <b>pre-tax&nbsp; result</b> of&nbsp; € 22.3 million (previous year: € 26.1<br /> 			 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;million).<br /> 			 <br />                 Deutsche Hypo: The future centre of excellence for commercial real<br />         estate finance within NORD/LB Group.<br />                                    <br />         In addition to the Bank's achievement in holding its own in what  was a difficult market environment, the first half-year was also marked  by the central project of setting up the centre of excellence for  commercial real estate finance, the role to be assumed by Deutsche Hypo  in its capacity as a bank within NORD/LB Group. This project was  successfully driven forward.<br />        <br />         Following many months of hard work by the employees of both the  commercial real estate finance segment of NORD/LB and Deutsche Hypo, the  Bank is now close to the finish line. The aim is to <b>present the &quot;new&quot; Deutsche Hypo to the market at this year's EXPO REAL real estate trade fair</b>  at the beginning of October. By pooling the joint resources of Deutsche  Hypo and NORD/LB in this area of business, Deutsche Hypo will be able  to present itself as a strategically well positioned and highly  competitive real estate bank.<br />        <br />          <br />                 Outlook<br />                                    <br />	        The financial markets continue to be dominated by uncertainty. It  is therefore not possible to make reliable statements on the future  course of business development. For this reason the Board of Managing  Directors of Deutsche Hypo is refraining from making any specific  forecast at the current time with regard to the Bank's result for the  2008 financial year as a whole.<br />        <br />        <br /> 			          For further information please contact:<br />         <br />                        Markus Nitsche<br />        Head of Marketing and Sales<br />        Georgsplatz 8 <br />        30159 Hannover<br />        Telefon: +49 511 3045-580<br />        Telefax: +49 511 3045-589<br />        E-Mail: <link Markus.Nitsche@Deutsche-Hypo.de>Markus.Nitsche@Deutsche-Hypo.de</link>]]></content:encoded -->
      
      
      <pubDate>Tue, 02 Sep 2008 17:39:00 +0200</pubDate>
      
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      <title>General Meeting of Deutsche Hypo in Berlin</title>
      <link>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2008/05/21/hauptversammlung-der-deutschen-hypo-in-berlin/</link>
      <guid>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2008/05/21/hauptversammlung-der-deutschen-hypo-in-berlin/</guid>      
      <description>At the General Meeting of the Deutsche Hypothekenbank  (Actien-Gesellschaft), Hanover/Berlin, which...</description>
      <!-- content:encoded><![CDATA[At the General Meeting of the Deutsche Hypothekenbank  (Actien-Gesellschaft), Hanover/Berlin, which took place today in Berlin,  the proposal for the appropriation of profits submitted by the Board of  Managing Directors and Supervisory Board was approved.<br />        <br />               From the result for the financial year 2007, €21.9 million was  allocated to the reserves, €9.9 million of which was accounted for by  the decision at today’s General Meeting. The remaining €14.8 million was  used by Deutsche Hypo in order to pay a dividend of €1.10 per unit  share, the same level as last year.<br />        <br />                 Election of the Supervisory Board<br />                                    <br />               In addition, the following members were newly elected to the  Supervisory Board of Deutsche Hypo at today’s General Meeting:<br />        <br />        &nbsp;&nbsp;&nbsp;Dr. Hannes Rehm, Chairman of the Board of NORD/LB<br /> 	     &nbsp;&nbsp;&nbsp;Dr. Gunter Dunkel, Vice-Chairman of the Board of NORD/LB<br /> 	     &nbsp;&nbsp;&nbsp;Eckhard Forst, Member of the Board of NORD/LB<br /> 	     &nbsp;&nbsp;&nbsp;Dr. Jürgen Allerkamp, Member of the Board of NORD/LB<br /> 	     &nbsp;&nbsp;&nbsp;Dr. Johannes-Jörg Riegler, Member of the Board of NORD/LB<br />        <br />             <b>Eckhard Forst</b> was additionally elected as the new <b>Chairman of the Supervisory Board</b>  of Deutsche Hypo and Dr. Gunter Dunkel was appointed as Vice Chairman  at the meeting of the Supervisory Board that followed the General  Meeting. Friedrich Carl Janssen, General Partner of Sal. Oppenheim jr.  &amp; Cie. KGaA remains a member of the Supervisory Board, as do staff  representatives Reinhard Drexler, Michael Gehrig and Frank Wolff.<br />        <br />                 Expected progression of new business in the 2008 financial year to date<br />                                    <br />           The particular determining factors of a difficult market  continued to apply in terms of overall business development up to 30  April 2008, but <b>mortgage loan business</b> in particular was in a position to develop according to plan and in this regard, the <b>volume of new business</b> amounted to <b>€654 million</b>.  This result is 38% lower than the exceptionally good result of the  previous year, which was marked by certain special effects, but it is  still more than 15 percent higher than the average of €566 million that  was achieved over the last five years. <b>Capital market business</b>  continues to be affected by the difficult refinancing conditions and our  investment policy, which remains conservative. This resulted, as  expected, in a fall in the volume of new business, which, at just under  €700 million, was lower than the amount of €2.2 billion that was  recorded in the previous year.<br />        <br />         The Bank’s <b>net interest and commission income</b> continues to develop positively, with a <b>substantial</b> year-on-year rise of <b>13 percent</b> to over €41 million.<br />        <br />          The future earnings performance for the 2008 financial year will  of course continue to depend upon developments on the financial markets.  The refinancing conditions remain difficult for the banking sector as a  whole. The Board of Managing Directors of Deutsche Hypo therefore  maintains the assessment it made in the interim report as at 31 March  2008 that it is not possible to make any reliable predictions on  business and earnings progression for the remainder of the 2008  financial year. Nevertheless, our aim remains to build on the result of  the previous year.<br />        <br />        <br /> 			          For further information please contact:<br />         <br />                        Markus Nitsche<br />        Head of Marketing and Sales<br />        Georgsplatz 8 <br />        30159 Hannover<br />        Telefon: +49 511 3045-580<br />        Telefax: +49 511 3045-589<br />        E-Mail: <link Markus.Nitsche@Deutsche-Hypo.de>Markus.Nitsche@Deutsche-Hypo.de</link>]]></content:encoded -->
      
      
      <pubDate>Wed, 21 May 2008 17:41:00 +0200</pubDate>
      
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      <title>Deutsche Hypo presents results for the first quarter of 2008</title>
      <link>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2008/04/25/deutsche-hypo-praesentiert-ergebnis-des-ersten-quartals-2008/</link>
      <guid>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2008/04/25/deutsche-hypo-praesentiert-ergebnis-des-ersten-quartals-2008/</guid>      
      <description>In the first three months of the current financial year, new  business in the real-estate sector at...</description>
      <!-- content:encoded><![CDATA[In the first three months of the current financial year, new  business in the real-estate sector at Deutsche Hypo has developed as  expected. In response to the continuing crisis on the financial markets  and to corrections made to growth prognoses, the Bank concentrated on  financing deals with even less leverage, within its target markets. This  means that the deals concluded comply with the stringent requirements  regarding the target risk profile. At €550 million, the volume of new  business was 43% lower than in the same quarter of the previous year,  which is due to the atypically high volume in the previous year.<br />        <br />               In the <b>capital market sector</b>, the Bank’s investment  policy, which remains conservative, characterised the development of  business, together with refinancing conditions, which remain difficult  and continue to have a negative effect on the banking sector as a whole.  At €546 million (previous year: €1,844 million), the volume of new  business is lower than the previous year and reflects both these  circumstances.<br />        <br />               With regard to the <b>income situation</b>, the Bank was able to  continue the pleasing development of interest and commission surplus,  where an increase of 20% was recorded. When it came to the risk result,  the market distortions had the expected impact. In the partial result  for the liquidity reserve, market value write-downs amounting to €13.3  million had to be implemented on the securities portfolio. However, the  Bank does not expect there to be a long-term loss of value, as the  portfolio principally consists of securities from high-quality issuers.  The picture is much brighter when it comes to risk provisioning in the  mortgage sector. Here, a positive balance of €2.5 million partially  compensates for the negative impact of the securities portfolio. When  combined, the two partial results give a risk result of €11.4 million  (previous year: €5.7 million).<br />        <br />               The pre-tax profit amounted to €12.5 million, meaning that it was  below the profit for the same period in the previous year (€13.7  million).<br />        <br />        However, when you look at the complete picture, the figures show  that Deutsche Hypo has a business model that is sustainable even in  difficult market conditions.<br />        <br />                        Outlook<br />                                    <br />	        Given the general conditions on the capital markets, which have  worsened further, and which witnessed a particular deterioration in  March, the Management Board of Deutsche Hypo wishes to reserve judgement  when it comes to prognoses for the course of the 2008 financial year as  a whole. At the same time, the Bank’s aim remains to build on the  previous year's results, although this will become increasingly  difficult in the event of further friction on the capital markets.<br />        <br />        <br /> 			          For further information please contact:<br />         <br />                        Markus Nitsche<br />        Head of Marketing and Sales<br />        Georgsplatz 8 <br />        30159 Hannover<br />        Telefon: +49 511 3045-580<br />        Telefax: +49 511 3045-589<br />        E-Mail: <link Markus.Nitsche@Deutsche-Hypo.de>Markus.Nitsche@Deutsche-Hypo.de</link>]]></content:encoded -->
      
      
      <pubDate>Fri, 25 Apr 2008 17:42:00 +0200</pubDate>
      
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      <title>Deutsche Hypo achieves satisfactory performance in 2007 financial year</title>
      <link>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2008/03/26/deutsche-hypo-mit-insgesamt-zufrieden-stellendem-geschaeftsjahr-2007/</link>
      <guid>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2008/03/26/deutsche-hypo-mit-insgesamt-zufrieden-stellendem-geschaeftsjahr-2007/</guid>      
      <description>At the balance sheet meeting that took place today, the  Supervisory Board of Deutsche...</description>
      <!-- content:encoded><![CDATA[At the balance sheet meeting that took place today, the  Supervisory Board of Deutsche Hypothekenbank (Actien-Gesellschaft),  Hanover/Berlin adopted the Annual Report for 2007 and decided to propose  a dividend of €1.10 per unit share at the General Meeting scheduled to  take place on 21 May 2008 in Berlin. The amount of the dividend reflects  the share split that was approved at last year’s General Meeting, in  accordance with which the Bank's share capital was reallocated at a  ratio of 1:10 on 29 August 2007.<br />        <br />               As far as Deutsche Hypo is concerned, the <b>2007 financial year</b>  was marked by a pleasing expansion in all new business. Nevertheless,  the Bank’s profits did not remain unaffected by the immediate effects of  the global financial market crisis, even if the consequences for  Deutsche Hypo remained comparatively moderate.<br />        <br />                 A significant expansion of new business<br />                                    <br />        The figures for new business in the Bank’s two core areas of  business remained pleasing, with the result that meant that in its  commercial real estate financing division, Deutsche Hypo managed to  achieve levels of new business that were the highest ever recorded in  the history of Deutsche Hypo. They even exceeded the previous highest  levels that were recorded last year. A total of around €2.7 billion in  new lending was entered into, which represented an increase of over 23%  when compared to the previous year. As far as new capital market  business was concerned, the Bank achieved a slight increase in volume,  which, at around €4.7 billion, was almost €500 million above the same  figure in the previous year.<br />        <br />                 Demand for issues from Deutsche Hypo remained stable<br />                                    <br />        Demand for issues with good counterparty risk typically rises  during times of crisis, meaning that throughout the year under review,  demand for issues from Deutsche Hypo remained stable, despite the tense  situation on the financial markets. This is all the more remarkable in  view of the fact that as a result of the global financial crisis,  investors were hesitant in acquiring covered and uncovered bonds and the  financial markets were less welcoming with regard to new issues.<br />        <br />        The total issue volume, at €6.5 billion, was below the previous  year’s figure of €8.0 billion, with €2.7 billion relating to Pfandbrief  products.<br />         <br />                        Robust business model means that profit situation still satisfactory<br />                                    <br />        It goes without saying that even Deutsche Hypo did not remain  unaffected by the severity and scope of the turbulence on the financial  markets. Nevertheless, the Bank’s profits did not suffer excessive  damage, but merely experienced a small “dent”. Compared to the same  figures from the previous year, the key figures read as follows:<br />        <br />        • Net interest and commission income was up 2.6 % to €111.9 million.<br />        <br />        • The cost-income ratio also performed very well, decreasing from 33.0% to 31.9%.<br />        <br />        • The risk result, at €25.4 million, is 9.5% higher than in the previous year.<br />         <br />        • The risk provision for lending included within the risk result performed very well during the<br />               &nbsp;&nbsp;&nbsp;year under review. At €12.4 million, it was significantly lower than the figure from the<br />        &nbsp;&nbsp;&nbsp;previous year, which, at €18.7 million, was already low.<br />        <br />        • As a result of price reductions on national and international bond markets, Deutsche Hypo<br />        &nbsp;&nbsp;&nbsp;was obliged to carry out depreciations upon securities in its liquidity reserve and this in<br />        &nbsp;&nbsp;&nbsp;turn had a negative effect upon risk provisioning and therefore upon the Bank’s profits. As<br />        &nbsp;&nbsp;&nbsp;a consequence, the risk result of the liquidity reserve during the year under review<br />        &nbsp;&nbsp;&nbsp;amounted to €13.0 million (previous year: € 4.5 million).<br />        <br />        • These developments subsequently affected the result from ordinary business activity,<br />        &nbsp;&nbsp;&nbsp;which decreased by 4.3% to €49.3 million. Post-taxation profits were also down from<br />        &nbsp;&nbsp;&nbsp;€39.1 million to €36.7 million.<br />        <br />                 Outlook<br />                                    <br />	        Looking ahead to the current 2008 financial year, the Board of  Managing Directors of Deutsche Hypo is currently of the opinion that the  difficult market conditions of the first half year and, presumably,  beyond, are not likely to improve and has therefore come to the  conclusion that it will only be possible to build upon the good results  that have been achieved in the past if the crisis on the financial and  real estate markets does not escalate further.<br />        <br />        <br /> 			          For further information please contact:<br />         <br />                        Markus Nitsche<br />        Head of Marketing and Sales<br />        Georgsplatz 8 <br />        30159 Hannover<br />        Telefon: +49 511 3045-580<br />        Telefax: +49 511 3045-589<br />        E-Mail: <link Markus.Nitsche@Deutsche-Hypo.de>Markus.Nitsche@Deutsche-Hypo.de</link>]]></content:encoded -->
      
      
      <pubDate>Wed, 26 Mar 2008 17:44:00 +0100</pubDate>
      
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      <title>Change in Supervisory Board at Deutsche Hypo</title>
      <link>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2008/02/18/wechsel-im-aufsichtsrat-der-deutschen-hypo/</link>
      <guid>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2008/02/18/wechsel-im-aufsichtsrat-der-deutschen-hypo/</guid>      
      <description>In conjunction with the takeover of Deutsche Hypo by NORD/LB, the  composition of Deutsche Hypo's...</description>
      <!-- content:encoded><![CDATA[In conjunction with the takeover of Deutsche Hypo by NORD/LB, the  composition of Deutsche Hypo's Supervisory Board, which comprises nine  members, has changed. With effect from 16 February 2008, the members  listed below have been appointed to the Supervisory Board of Deutsche  Hypo by Hanover Local Court, replacing Alexander Stuhlmann (Chairman of  the Managing Board of WestLB AG), Dietmar Schmid (Member of the Board of  Managing Directors of BHF-BANK AG), Max Warburg (Personally liable  partner of M.M. Warburg &amp; Co. KGaA), Joachim Olearius (Executive  Manager of M.M. Warburg &amp; Co. KGaA) and Jochen Döhle (Personally  liable partner of PETER DÖHLE Schiffahrts-KG), who have resigned from  their positions with effect from 15 February 2008:<br />        <br />               &nbsp;&nbsp;&nbsp;•	Dr. Hannes Rehm, Chairman of the Board of Management of NORD/LB<br />        &nbsp;&nbsp;&nbsp;•	Dr. Gunter Dunkel, Deputy Chairman of the Board of Management of NORD/LB<br />        &nbsp;&nbsp;&nbsp;•	Eckhard Forst, Member of the Board of Management of NORD/LB<br />        &nbsp;&nbsp;&nbsp;•	Jürgen Kösters, Member of the Board of Management of NORD/LB<br />        &nbsp;&nbsp;&nbsp;•	Dr. Johannes-Jörg Riegler, Member of the Board of Management of NORD/LB<br />        <br />               Additionally, at its meeting on Monday, 18 February 2008, the Supervisory Board appointed <b>Eckhard Forst</b> as <b>Chairman of the Supervisory Board</b> and Dr. Gunter Dunkel as Deputy Chairman, and also made one further key personnel decision.<br />        <br />                 Andreas Pohl appointed to the Board of Managing Directors of Deutsche Hypo<br />                                    <br />        Andreas Pohl, Global Head of Real Estate Banking at NORD/LB  Norddeutsche Landesbank, will join the Board of Managing Directors of  Deutsche Hypothekenbank with effect from 1&nbsp;March.  His remit will  encompass the development of a consistent national and international  market presence for the Bank.<br />        <br />        Pohl, 50, has been with NORD/LB since 1979. He has been involved  in commercial real estate finance since 1984, holding various positions  in this field, and therefore has excellent connections in the industry.  Pohl has been Global Head of Real Estate Banking since April 2002, with  responsibility for the entire national and international market presence  of Real Estate Banking. In this role, he has been instrumental in  initiating and implementing the strategic development and successful  expansion of the division, including the acquisition of Deutsche Hypo.  Pohl's successor as Head of Real Estate Banking at NORD/LB will be  Wolfgang Koppert, Pohl's former deputy, who assumes the role on a  temporary basis.<br />        <br />        Commercial real estate finance is a strategic core business at  NORD/LB. In acquiring Deutsche Hypo, NORD/LB is putting on a growth  spurt in this attractive market and will significantly expand its market  position in real estate banking. NORD/LB launched a takeover bid for  Deutsche Hypo in December 2007 and now, following the expiry of its  share offer, holds some 98.4% of the company.<br />        <br />               <br /> 			          For further information please contact:<br />         <br />                        Markus Nitsche<br />        Head of Marketing and Sales<br />        Georgsplatz 8 <br />        30159 Hannover<br />        Telefon: +49 511 3045-580<br />        Telefax: +49 511 3045-589<br />        E-Mail: <link Markus.Nitsche@Deutsche-Hypo.de>Markus.Nitsche@Deutsche-Hypo.de</link>]]></content:encoded -->
      
      
      <pubDate>Mon, 18 Feb 2008 17:46:00 +0100</pubDate>
      
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      <title>NORD/LB plans strategic acquisition of shares in Deutsche Hypo</title>
      <link>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2007/11/12/nordlb-plant-strategischen-einstieg-bei-der-deutschen-hypo/</link>
      <guid>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2007/11/12/nordlb-plant-strategischen-einstieg-bei-der-deutschen-hypo/</guid>      
      <description>On Sunday 11 November 2007, NORD/LB Norddeutsche Landesbank  Girozentrale informed Deutsche Hypo...</description>
      <!-- content:encoded><![CDATA[On Sunday 11 November 2007, NORD/LB Norddeutsche Landesbank  Girozentrale informed Deutsche Hypo that in the context of a voluntary,  public takeover bid, it intends to make an offer to the shareholders of  Deutsche Hypo of €36.09 per share.<br />        <br />               The Board of Managing Directors of Deutsche Hypo expressly  welcomes this acquisition by NORD/LB, which is intended to take the form  of a strategic investment. NORD/LB intends to run Deutsche Hypo as a  participation. This takeover of Deutsche Hypo, a successful bank that is  active on an international level in the real estate financing sector,  promises to represent a logical extension to NORD/LB’s own business  model.<br />        <br />               In the view of the Board of Managing Directors of Deutsche Hypo, NORD/LB is the ideal investor and partner:<br />        <br />        •	NORD/LB’s motives for the takeover are of a strategic nature and place the expertise and<br />        &nbsp;&nbsp;quality of the staff at Deutsche Hypo, its market presence and its structure in the<br />        &nbsp;&nbsp;foreground.<br />        <br />        •	The intention therefore is to continue Deutsche Hypo’s successful business model and to<br />        &nbsp;&nbsp;combine this with NORD/LB’s commercial real estate business, so as to form a platform for<br />        &nbsp;&nbsp;growth. The two core activities of Deutsche Hypo, namely its international commercial real<br />        &nbsp;&nbsp;estate business and its capital market business, will continue to be expanded.<br />        <br />        •	The aim is for Deutsche Hypo to be run as a competence centre for real estate financing<br />        &nbsp;&nbsp;within the NORD/LB group.<br />        <br />        •	The name of Deutsche Hypo, which is an established entity within the market for<br />        &nbsp;&nbsp;international commercial real estate financing sector, would continue to be used.<br />        <br />        •	Cost synergies emphatically do not form the primary focus of this initiative.<br />        <br />        As a market player in the financing of commercial real estate,  Deutsche Hypo is an established entity, both at home and abroad, and  enjoys an outstanding reputation. Combining the strong position that  both NORD/LB and Deutsche Hypo enjoy in this sector to form a joint  operation to be conducted from offices in Hanover will constitute a  logical continuation of Deutsche Hypo’s current, highly-successful  business model, whilst providing scope to take advantage of growth  opportunities both in new and existing commercial real estate markets.<br />        <br />        Once NORD/LB has published its offer documentation, the Board of  Managing Directors and Supervisory Board of Deutsche Hypo will issue the  statement required in accordance with the German Acquisition and  Takeover of Securities Act [WpÜG], in which they will provide a detailed  evaluation of the takeover bid.<br />        <br />               <br /> 			          For further information please contact:<br />         <br />                        Markus Nitsche<br />        Head of Marketing and Sales<br />        Georgsplatz 8 <br />        30159 Hannover<br />        Telefon: +49 511 3045-580<br />        Telefax: +49 511 3045-589<br />        E-Mail: <link Markus.Nitsche@Deutsche-Hypo.de>Markus.Nitsche@Deutsche-Hypo.de</link>]]></content:encoded -->
      
      
      <pubDate>Mon, 12 Nov 2007 17:47:00 +0100</pubDate>
      
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      <title>Deutsche Hypo grows new business in international commercial real estate financing</title>
      <link>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2007/10/26/deutsche-hypo-baut-neugeschaeft-im-bereich-der-internationalen-gewerblichen-immobilienfinanzierung-a/</link>
      <guid>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2007/10/26/deutsche-hypo-baut-neugeschaeft-im-bereich-der-internationalen-gewerblichen-immobilienfinanzierung-a/</guid>      
      <description>During the third quarter of the current financial year, Deutsche  Hypo has once again been able to...</description>
      <!-- content:encoded><![CDATA[During the third quarter of the current financial year, Deutsche  Hypo has once again been able to record a clear increase in its  international commercial real estate financing division. Compared with  the same period of the previous year, new business was increased during  the first nine months of 2007 by € 448 million to in excess of € 2.1  billion. Foreign transactions accounted for € 1.86 billion of the new  loans, thereby constituting the greatest share. Domestic business  accounted for € 252 million.  The mortgage loan portfolio rose by €&nbsp;364  million (+ 4%) to € 8.64 billion.<br />        <br />               As expected, <b>new capital market business</b> was down compared  with the same period of last year, at € 3.4 billion (- 13.8%). The  portfolio, however, was unchanged on the year-end figure, at € 24.8  billion.<br />        <br />                         Impact of capital market turbulence on Bank's income position only moderate<br />                        <br />        The global distortions on the financial market sparked off by the  US subprime crisis have hit the banking sector particularly hard.  However, Deutsche Hypo's business model has proven how robust it is,  even in this difficult market phase, with the result that the impact on  the Bank's income position has been moderate.<br />        <br />        The Bank's net interest and commission income rose by 2% to €  82.2 million (+ € 1.2 million), whilst the expected increase of a good  4% in administrative costs to € 26.8 million (+ € 1.1 million) had no  major impact on the overall result, with the cost/income ratio  practically unchanged on the half-year result at 32.6%. Looking at the  Bank's risk result however, we were forced to take account of the market  conditions described above and stepped up our provisioning with regard  to the liquidity reserve in particular. Overall, € 21.3 million was  allocated to our conservatively measured risk provisioning, which  equates to an increase of € 2.7 million (+ 15%). The Bank's result from  normal business activity was thus down 8% compared with the same period  of the previous year, at € 35 million.<br />        <br />                 Outlook:<br />         <br />                Looking to the remaining quarter of 2007, the Board of Managing  Directors is hoping that the recent tangible easing of the market  situation will continue and that there will be no further exogenous  shocks. If this is the case, a result can still be achieved for the 2007  financial year as a whole that would only be slightly down on last  year's performance.<br />        <br />        <br /> 			          For further information please contact:<br />         <br />                        Markus Nitsche<br />        Head of Marketing and Sales<br />        Georgsplatz 8 <br />        30159 Hannover<br />        Telefon: +49 511 3045-580<br />        Telefax: +49 511 3045-589<br />        E-Mail: <link Markus.Nitsche@Deutsche-Hypo.de>Markus.Nitsche@Deutsche-Hypo.de</link>]]></content:encoded -->
      
      
      <pubDate>Fri, 26 Oct 2007 17:49:00 +0200</pubDate>
      
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      <title>Deutsche Hypo presents half-year figures</title>
      <link>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2007/08/10/deutsche-hypo-praesentiert-halbjahreszahlen-1/</link>
      <guid>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2007/08/10/deutsche-hypo-praesentiert-halbjahreszahlen-1/</guid>      
      <description>Deutsche Hypothekenbank (Actien-Gesellschaft) has today published its half-yearly financial report....</description>
      <!-- content:encoded><![CDATA[Deutsche Hypothekenbank (Actien-Gesellschaft) has today published its half-yearly financial report.<br />        <br />               Over the first six months of the current financial year, the Bank  has been able to continue the positive development recorded in <br />commercial  international real estate financing. New loan commitments were up by  almost 35% on the previous year, from € 967 million to € 1.3 billion.  Foreign business, up by € 546 million to in excess of € 1.1 billion,  made the most significant contribution to this growth. As a result, the  mortgage portfolio grew by a gratifying 7.7% to some € 8.7 billion.<br />        <br />              In light of the current crisis surrounding US mortgage lending to  debtors with low credit ratings, known as the subprime market, Deutsche  Hypo wishes to stress that its own real estate financing business in  the USA – as in all of the Bank's target markets – is focused on <b>commercial real estate financing</b> with a <b>low risk profile</b>  and professional market operators. Against this background and in view  of the low level of MBS holdings, which are secured by US real estate  and rated AA or better, the impact of this crisis on the Bank is very  limited. <br />        <br />         <b>New capital market business</b> progressed as expected during  the reporting period, amounting to € 2.76 billion (previous year: € 3.49  billion) in a market environment that was characterised by narrow  spreads. The proportion of this new business relating to foreign  operations continued to rise, accounting for 40%.<br />        <br />                 With regard to issuing business, demand for Deutsche Hypo stocks  was as high as ever. Total issues amounting to € 3.7 billion were placed  without any problems during the period under review. Of this total, €  1.3 billion related to Pfandbrief products.<br />        <br />        At € 2.2 billion, new capital market business was only slightly down on the previous year's figure of € 2.3 billion.<br />        <br />                 Renewed improvement in income situation<br />                        <br />        The Bank’s income developed as follows over the first six months of the current financial year:<br />        <br />        • Deutsche Hypo’s <b>net interest and commission income</b> improved by some € 1.2 million<br />        &nbsp;&nbsp;&nbsp;to € 54.4 million.<br />        <br />        • <b>Administrative expenses</b> rose by a modest € 0.9 million to € 17.6 million. The<br />        &nbsp;&nbsp;&nbsp;<b>cost/income ratio</b>, at 32.4%, was lower than the 33.0% recorded at the 2006 year-end.<br />        <br />        • <b>Risk provisioning</b> fell by € 1.3 million to € 11.6 million.<br />        <br />        • The <b>pre-tax result</b> rose by a gratifying 7.4% to more than € 26 million.<br />        <br />                 Outlook:<br />         <br />                Given the current crisis on the US mortgage market, the  possibility of further repercussions on other areas of the lending  market and on the securities sector cannot be ruled out altogether for  the time being. This means that a high level of uncertainty surrounds  our business and income forecasts for the remainder of the financial  year. Nevertheless, based on Deutsche Hypo’s good results for the first  half-year and in view of the Bank's positioning, the Board of Managing  Directors also expects a satisfactory result to be achieved for 2007 as a  whole.<br />        <br />        <br /> 			          For further information please contact:<br />         <br />                        Markus Nitsche<br />        Head of Marketing and Sales<br />        Georgsplatz 8 <br />        30159 Hannover<br />        Telefon: +49 511 3045-580<br />        Telefax: +49 511 3045-589<br />        E-Mail: <link Markus.Nitsche@Deutsche-Hypo.de>Markus.Nitsche@Deutsche-Hypo.de</link>]]></content:encoded -->
      
      
      <pubDate>Fri, 10 Aug 2007 17:50:00 +0200</pubDate>
      
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      <title>Deutsche Hypo approves one-off special dividend payment Dividend remains unchanged</title>
      <link>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2007/05/16/deutsche-hypo-gewaehrt-einmalige-sonderausschuettung-dividende-bleibt-unveraendert/</link>
      <guid>http://www.deutsche-hypo.de/en/press/news-archive/news-detail/datum/2007/05/16/deutsche-hypo-gewaehrt-einmalige-sonderausschuettung-dividende-bleibt-unveraendert/</guid>      
      <description>At the General Meeting of the Deutsche Hypothekenbank  (Actien-Gesellschaft), Hanover/Berlin, which...</description>
      <!-- content:encoded><![CDATA[At the General Meeting of the Deutsche Hypothekenbank  (Actien-Gesellschaft), Hanover/Berlin, which took place today in  Hanover, the proposal for the appropriation of profits submitted by the  Board of Managing Directors and Supervisory Board was approved.<br />        <br />               The result for the 2006 financial year was used to allocate an  amount of € 20.3 million to the reserves, € 5.3 million of which was  accounted for by the decision at today’s General Meeting. The remaining €  18.8 million will be used by Deutsche Hypo to pay an unchanged dividend  of € 11 per unit share as well as a special dividend payment of € 3 per  unit share. With this special dividend payment, which was brought about  by a tax credit being activated, Deutsche Hypo wishes to immediately  share with its shareholders a suitable part of this tax benefit.<br />        <br />                        Change in Supervisory Board – New Chairman elected<br />                                       <br />         Mr Wolfgang Hollender, member of the Supervisory Board of  Deutsche Hypo since 2001 and Chairman since 2005, submitted his  resignation with effect from the end of today’s General Meeting.  The  former Chairman of the Board of Managing Directors of HSH Nordbank AG,  Mr Alexander Stuhlmann, was newly elected to the Supervisory Board. Mr  Stuhlmann was additionally elected as Chairman of the Supervisory Board  of Deutsche Hypo at the inaugural meeting of the Supervisory Board that  followed the General Meeting.<br />        <br />                              Further pleasing progress to date in 2007 financial year<br />                                        <br />        During the first four months of this current financial year,  total growth in new business has risen by over 12% to € 3.2 billion  compared with the same period last year. The growth in new mortgage  business was particularly pleasing, witnessing an 81% increase to over €  1 billion.<br />        <br />        At € 2.2 billion, new capital market business was only slightly down on the previous year's figure of € 2.3 billion.<br />        <br />        The operating result before tax at 30 April 2007 was € 19  million, and represented a 15% increase on the comparative value last  year. All in all, income growth is developing in line with expectations.  The Board of Managing Directors is therefore optimistic that as the  year progresses, we will be in a position to report further satisfactory  results.<br />        <br />        <br />                               Changes to the composition of the Board of Managing Directors of Deutsche Hypo:<br />                                        <br />                 Today’s Annual General Meeting marked the departure of Thomas  Freiherr von Tucher, a longstanding member of the Board of Managing  Directors<br />         Andreas Rehfus to join the Board of Deutsche Hypo with effect from 1 July 2007<br />                        <br />        Today’s Annual General Meeting of the Deutsche Hypothekenbank  (Actien-Gesellschaft) was the last to be attended by Thomas Freiherr von  Tucher, who has been a member of the Bank’s Board of Managing Directors  for 18 years. Mr. von Tucher will be leaving the Bank as scheduled with  effect from 30 June 2007, after reaching the upper age limit. The  Supervisory Board thanked Mr. von Tucher for his contribution to the  positive development of the Bank and for the successful and formative  work that he undertook during his time on the Board.<br />        <br />        As stated above, Mr. von Tucher will be succeeded by Mr. Andreas  Rehfus (42), who was appointed as a member of the Board of Managing  Directors by the Supervisory Board in March of this year and will take  up his new post with effect from 1 July 2007. Mr. Rehfus joined the Bank  in 1995 and has been in charge of the Controlling unit since 1997. In  2000, he was appointed as a Director of the Bank, after which he was  appointed as a Head of Unit in 2001 and as Executive Manager in 2005.  Within the context of the Bank's market monitoring activities, Mr.  Rehfus' departmental responsibilities will primarily encompass its  Lending and Controlling divisions.  In addition to Mr. Rehfus, the other  two members of the Board of Managing Directors are Jürgen Grieger and  Jürgen Morr, each of whom has served on the Board for many years. Mr.  Grieger will be responsible for Treasury, whilst Mr. Morr will take  responsibility for Real Estate Financing.<br />        <br />        <br /> 			          For further information please contact:<br />         <br />                        Markus Nitsche<br />        Head of Marketing and Sales<br />        Georgsplatz 8 <br />        30159 Hannover<br />        Telefon: +49 511 3045-580<br />        Telefax: +49 511 3045-589<br />        E-Mail: <link Markus.Nitsche@Deutsche-Hypo.de>Markus.Nitsche@Deutsche-Hypo.de</link>]]></content:encoded -->
      
      
      <pubDate>Wed, 16 May 2007 17:52:00 +0200</pubDate>
      
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