Berlin Hyp’s operating results hit €73.8m  

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.

Similar Stories:

Czech rate hike fails to halt currency's slide
Czech banks aren't racing to raise interest rates on loans or deposits, in reponse to  »
Strong profits for Czech banks continue
Profits among banks active in the Czech Republic rose CZK 213 million to CZK 44.3bn in the  »
If Czech rates rise Wednesday, will anyone notice?
Economists and businesses are preparing for a possible increase in interest rates on Wedne  »
Potential Czech rate rise looms as CNB drops another hint
A second member of the Czech National Bank's board has come out in favor of a rise in  »
The future is not out of our hands. Indeed, the main purpose of organised real estate is t   »
Lower prices means lower costs for manufacturers and carriers, and thus reduced product pr   »
The most important thing is client understanding. Quite simply, clients need a much greate   »