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Press release, Hanover, 18 May 2006 Deutsche Hypo maintains consistent dividend At today’s General Meeting of the Deutsche Hypothekenbank (Actien-Gesellschaft), Hanover/Berlin, which forms part of the ING Group, the proposal for the appropriation of profits submitted by the Board of Managing Directors and Supervisory Board was approved. The result for the 2005 financial year was used to allocate an amount of € 17.9 million to the reserves, € 6.9 million of which was accounted for by the decision at today’s General Meeting. The remaining € 14.8 million will be used by Deutsche Hypo to pay an unchanged dividend of € 11 per unit share. A positive start to the 2006 financial year The bank’s new mortgage business has been extremely pleasing during the first four months of this financial year. In comparison to the same period last year, the volume of business has risen by over 99% to around € 582 million. This was achieved in particular as a result of an increase in business from within Germany. The already positive picture overall for new business was completed by new capital market business, which increased by a good 5% to € 2.27 billion. Operating profit of € 16.5 million as at 30 April 2006 lay at the same level as the previous year when € 16.6 million was recorded. Overall, income development is going according to plan. The Board of Managing Directors is therefore optimistic that as the year progresses, we will be in a position to report further satisfactory results. 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 |
