Berlin Hyp Annual Report

Reliability competence and solidity characterise the partnership with our customers and within the savings banks finance group.

Berlin hyp annual report. The berlin hyp ag based in berlin is one of the large german real estate and mortgage banks the bank was created in 1996 from the merger of berliner hypotheken und pfandbriefbank ag and braunschweig hannoversche hypothekenbank ag. The annual financial state ments thus give a reliable picture of berlin hyp s financial situation and success in 2018. The berlin hyp focuses its sales activities on business with investors housing companies real estate funds investment companies and selected developers. But rent increases have slowed down from 8 8 recorded in 2017.

Sap and bearingpoint are working closely together to develop the respective products sap fsdm and abacus360 integration for fsdm within the framework of a contractually agreed software development cooperation. Berlin hyp s third annual reporting shows that the bank s green finance portfolio grew by eur934m in the reporting period from 1 march 2017 to 28 february 2018 thanks to a eur561m increase in new green business comprising 16 loans and eur373m in existing loans identified as green financing. Around 150 years of experience in commercial real estate finance and future oriented action form the foundation for berlin hyp as one of the leading german real estate and pfandbrief banks. At 215 million group profit before taxes exceeded the previous year s figure by approximately.

The annual financial state ments section presents all of berlin hyp s key figures for the 2018 financial year including the annual balance sheet and a profit and loss account. Reliability competence and solidity characterise the partnership with our customers and within the savings banks finance group. Annual report 2018 ii letter from the management board dear shareholders dear business partners ladies and gentlemen deutsche pfandbriefbank ag pbb achieved a good result in 2018 despite a challenging environ ment. The supervisory board discussed with the board of management the achievement of.

The joint project with berlin hyp as pilot customer is to be launched to the market as a product for other banks. Berlin hyp has long been a bearingpoint regtech customer and is one of the pilot customers of the new abacus360 software generation. Around 150 years of experience in commercial real estate finance and future oriented action form the foundation for berlin hyp as one of the leading german real estate and pfandbrief banks. Asking rents for apartments increased by 5 6 to 10 34 per square meter per month while asking prices for condominiums rose by 12 in 2018 to 4 159 per square meter according to the annual report from ban berlin hyp and global estate provider cbre.