DZ HYP publishes half-yearly financial report 2021
The impact of the COVID-19 pandemic continued to leave its mark on social, political and economic life in Germany during the first half of 2021. The real estate markets developed more cautiously compared to the same period of the previous year, but remained robust overall, mainly due to positive development in the residential segment. In this environment, DZ HYP’s new business volume – totalling around €5.4 billion across all three business divisions – was up by approximately 38 per cent year-on-year.
The Bank recorded the strongest increase in lending to retail customers, where the volume of new commitments almost doubled, to €1.4 billion. DZ HYP raised new business with corporate clients from €3.0 billion in the first half of 2020 to €3.7 billion during the period ending on 30 June 2021. At €2.2 billion, business jointly originated with cooperative banks in this segment was up slightly on the previous year's level. In the business with public-sector clients – which rose to €261 million – 85 per cent of all DZ HYP's new business was successfully intermediated by cooperative banks, thus exceeding the level achieved in the same period of the previous year.
DZ HYP’s economic situation remains positive and stable overall, with all key earnings components during the first half of 2021 approximately in line with the previous year's level. Besides its conservative risk strategy, the Bank benefits from affiliation with the solid Cooperative Financial Network.
Detailed information on DZ HYP’s development can be found in the half-yearly financial report 2021.