DZ HYP publishes Annual Report 2019
31.03.2020
- New business volume expanded
- The Bank‘s financial position has remained favourable
DZ HYP looks back on a positive annual result 2019. The low interest rate level that manifested in the 2019 financial year meant that demand for real estate in Germany remained unchanged, despite the slower economic momentum. In this environment, DZ HYP succeeded in expanding its new business activities during the year under review. The volume of new business in DZ HYP’s real estate finance totalled € 12,168 million (2018: € 10,970 million). Including financing for public-sector clients, the Bank originated new business of € 12,885 million in the year under review (2018: € 11,864 million).
DZ HYP’s financial position has remained favourable, as in the previous years. The good new business result is reflected in net interest income, and demonstrates the Bank’s strength. The increase in the average strategic real estate loan portfolio in particular has a favourable effect. Whilst the net commission result is lower than the comparable figure for the previous year due to higher commissions paid to cooperative banks, we are pleased that general administrative expenses have gone down year-on-year.
Detailed information on DZ HYP’s development can be found in the Annual Report 2019.