Strong half-year results achieved in 2024
02.09.2024
Real estate finance markets faced persistent challenges in the first half of 2024. However, there were cautious signs of growing confidence in the industry, as reflected in a year-on-year increase in transaction activity.
In this environment, DZ HYP delivered strong results. New business grew across all segments, reaching approximately €3.9 billion and slightly exceeding the total achieved during the same period of the previous year. Real estate finance contributed around €3.6 billion to this figure.
The Bank’s financial situation was stable in the first half of 2024: net interest income of €358.7 million (in accordance with the German Commercial Code – “HGB”) was virtually in line with the previous year's level while administrative expenses in accordance with the HGB were down €25.5 million to €130.3 million. Risk provisioning remained at moderate levels, confirming the appropriateness of DZ HYP's credit risk strategy and the viability of the Bank’s business model.
Detailed information on DZ HYP’s development is available in the half-yearly financial report 2024, which is available for download.
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