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Press release, Hanover, 24 February 2004 Deutsche Hypo raises dividend The ING BHF-BANK Group company Deutsche Hypothekenbank (Actien-Gesellschaft), Hanover/Berlin, can look back on what was a successful year 2003 and would like to enable its shareholders to benefit from the positive development of business during the past financial year, the overall picture for which was as follows. Overall development of new business positive Whilst there was a fall in the volume of new mortgage lending business, a development that was typical of the sector as a whole and that reflected our cautious assessment of the market, the extremely gratifying development of capital market business contributed to what was a positive overall trend in new business. The consistently high quality of our Pfandbriefe, which were once again awarded top ratings by the rating agencies S&P and Moody's (double AAA rating for public Pfandbriefe, Aaa rating from Moody's for our mortgage Pfandbriefe), is the reason behind the high standing we enjoy as an issuer and rounds off the positive overall picture at Deutsche Hypo in 2003. Improvement in income position The Bank's successful positioning is confirmed by a rise in net interest and commission income, a significantly improved pre-tax result and by double-digit net profit growth. The Bank's Board of Managing Directors and Supervisory Board shall therefore propose to the Annual General Meeting on 12 May 2004 that an increased dividend per unit share of € 11 as opposed to € 10 be distributed. 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 |
