Deutsche Hypo with significant rise in new business

Deutsche Hypothekenbank generated new business of € 4,541 million in financial year 2016. This equates to an increase of € 465.5 million, or 11.4 %, on the previous year’s figure of € 4,075 million. Deutsche Hypo increased its commitment volumes both in its domestic market and its international target markets.

Accounting for 62.4 % of new business volume (2015: 60.1 %), new business continued to be focused in Germany. Domestic commitment volume amounted to € 2,832 million (2015: € 2,449 million). The lion’s share of new business outside of Germany was registered in UK with € 749 million (2015: € 730 million), followed by the Benelux region, where volume increased by 14 % to € 653 million (2015: € 572 million). All in all, new business volume in all international target markets totalled € 1,709 million (2015: € 1,626 million).

In terms of asset classes, office properties continued to dominate the bank’s new business and accounted for € 2,010 million (2015: € 1,823 million) of new business volume. Financing volume for retail properties declined to € 974 million (2015: € 1,379 million), while the volume of residential financing more than doubled to € 871 million (2015: € 412 million).

“In a challenging market environment, we enjoyed further success in acquiring a great number of interesting transactions without compromising on our quality-oriented lending approach,” stressed Chairman of the Board of Managing Directors of Deutsche Hypo, Andreas Pohl. “Our new business volumes underline our solid market position in our target markets.”

Deutsche Hypo will publish its 2016 Annual Report on 11 April 2017.