Berlin Hyp’s operating results hit €73.8m
Published at: 2017-11-14 11:04 | Author: CIJ Europe
Exceeding earlier expectations, Berlin Hyp posted interim results showing that operating results hit €73.8m as of Sept. 30, up from €47m the previous year. Despite an active competitive environment, new lending and long-term extensions totaled €5.139m, up from €4.142m in 2016. Berlin Hyp has also continued its integration into the Savings Banks Finance Group. The German lender is already a partner of 114 savings banks through joint-loan agreements. The total business volume came to €844m with the bank issuing debt worth €1.431m on the capital market in the first nine months of 2017. Of this amount, €1.275m was attributed to mortgage bonds and €156m to senior unsecured facilities.
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