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Press release, Hanover, 7 October 2008 Increase in capital for Deutsche Hypo secures growth 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. 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. 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 180 million euros to the free reserve, in accordance with Article 272 paragraph. 2 No. 4 of the German Commercial Code. 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. For further information please contact: Markus Nitsche Head of Marketing and Corporate Communications Georgsplatz 8 30159 Hannover Telefon: +49 511 3045-580 Telefax: +49 511 3045-589 E-Mail: Markus.Nitsche@Deutsche-Hypo.de |
