DZ HYP posts solid results for the 2022 financial year
- Stable client business
- DZ HYP provides substantial contribution to IFRS earnings of DZ BANK Group
DZ HYP looks back on a stable financial year 2022. The Bank performed well in an environment characterised by significant increases in interest rates and energy prices, combined with high inflation in the wake of the war in Ukraine. At €455 million before taxes (2021: €588 million), DZ HYP provided a substantial contribution to DZ BANK Group’s IFRS result. Dr. Georg Reutter, Chief Executive Officer of DZ HYP, highlighted: "The slowdown on German real estate markets has also affected our new business. Nonetheless, the €10.4 billion achieved are a result we are pleased about as it shows that we can preserve stable levels of business with our clients, even in challenging years.” The decline in profit before taxes was mainly attributable to valuation effects in the sovereign bond portfolio.