DZ HYP publishes 2018 Annual Report
02.04.2019
DZ HYP looks back on a successful financial year 2018 – the year of its merger. In an environment characterised by low interest rates, high demand for real estate, and intense competition, the Bank succeeded in expanding its cooperation with clients and partners. The volume of new business in DZ HYP’s Commercial Real Estate Investors, Housing Sector, and Retail Customers/Private Investors divisions totalled €11.0 billion (2017: €10.1 billion). Including public-sector lending, the Bank originated new business of €11.9 billion (2017: €10.9 billion) in 2018.
Dr Georg Reutter, Chairman of the Management Board at DG HYP, emphasised: “2018 was both an eventful and challenging year for us. Summer saw us successfully conclude the merger between DG HYP and WL BANK. At the same time, we continued to focus very intensely on our business. The results of the merged institution reflect the Bank’s success and DZ HYP's sustainable business model – both in terms of new business and regarding its profitability. Overall, we are pleased to report operating profit of around €180 million."
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