Show Submenu
|
Press release, Hanover, 16. May 2001 Deutsche Hypo General Meeting approves special dividend and corporate action Deutsche Hypo will pay a dividend in the amount of € 9.00 per share and a special dividend in the amount of € 26.70 per share. Including the tax credit, the total dividend payment therefore amounts to € 51.00 per share. The special dividend totalling € 24 million was made available to the bank as additional equity capital on the basis of the "pay-out and take-back" procedure. With this capital increase and a partial conversion of retained earnings, the bank's share capital has increased to a total of € 60.4 million (€ 23.4 million). Deutsche Hypo's liable funds thus total € 523 million. Changes in the Board of Managing Directors and elections to the Supervisory Board After having served for many years on the Board of Managing Directors, Wolfgang Hollender has been elected to the Supervisory Board; he is succeeded by Jürgen Morr, who joins the Board as a deputy member. In accordance with the company's by-laws, the terms of office of the Supervisory Board members ended with the General Meeting. Louis Graf von Zech, Member of the Board of Managing Directors of BHF-BANK AG, was re-elected Chairman of the Supervisory Board, and Roland Scharff, Member of the Board of Managing Directors of BHF-BANK AG was re-elected Vice-Chairman; Dr. Michael Frenzel, Chairman of the Board of PREUSSAG AG, was re-elected as an ordinary member of the Supervisory Board. In place of Dr. Axel Holzwarth and Karlheinz Schöffel who no longer ran for office, Dietmar Schmid, Member of the Board of Managing Directors of BHF-BANK AG, and Wilhelm Zeller, Chairman of the Executive Board of Hannover Rückversicherungs-AG were elected to Deutsche Hypo's Supervisory Board. Deutsche Hypo increases new business and profits As at 30 April 2001, the Bank was able to record a volume of new mortgage loan commitments totalling € 602 million (+ 39 %). In capital market business, the volume of new business also increased significantly against the previous year with a result of € 1,253 million (+ 100 %). Net interest and commission income increased slightly by 1.2 % to a level of € 32.1 million. Administrative costs including depreciation rose by 3.3 % to € 9.5 million. At € 6.7 million, provisions for risk were approx. 6 % below the previous year's level and took account of all discernible risks. These generally gratifying developments led to an 11.2 % increase in the operating result after risk provisioning to € 14.9 million. Over the course of the year, the Board of Managing Directors expects increased expenses due, among other things, to the introduction of new international accounting standards. In light of these factors, the Board once again expects the result for the 2001 financial year to be satisfactory whilst not achieving the record levels of the previous year. For further information please contact: Markus Nitsche Head of Marketing and Sales Georgsplatz 8 30159 Hannover Telefon: +49 511 3045-580 Telefax: +49 511 3045-589 E-Mail: Markus.Nitsche@Deutsche-Hypo.de |
