Balance Sheet

MÜNCHENERHYP 2017

Letter from the Board of Management

Report of the Supervisory Board

Results at a Glance

The Members of the Delegates Meeting

Executive Management and Bodies

MANAGEMENT REPORT

ECONOMIC REPORT

Overall Economic Conditions

Economic Development

Financial Markets

Property and Property Financing Markets

Business Development

New Mortgage Business

Capital Markets Business

Asset, Financial and Earnings Situation

Balance Sheet Structure

Development of Earnings

Rating, Sustainability and Regulatory Conditions

Regulatory Conditions

Main Office, Bodies, Committees and Personnel

Bodies and Committees

Corporate Governance Statement Pursuant to Art. 289f German Commercial Code

RISK, OUTLOOK AND OPPORTUNITIES REPORT

Risk Report

Counterparty Risk

Market Price Risks

Liquidity Risks

Investment Risk

Operational Risks

Ability to Bear Risks

Use of Finance Instruments for Hedging Purposes

Accounting-Based Internal Control and Risk Management Procedures

Corporate Planning

Outlook – Opportunities and Risks

Economic development and financial markets

Property and property financing markets

Development of business at Münchener Hypothekenbank

Disclaimer Regarding Forward-Looking Statements

ANNUAL STATEMENT OF ACCOUNTS

Income Statement

Statement of Development in Equity Capital and Cash Flow Statement

Independent Auditor´s Report

Affirmation by the Legal Representatives

Annex to Annual Financial Statements Pursuant to Art. 26a para. 1 Sentence 2 of the German Banking Act (KWG)

Balance Sheet

Annex to Annual Financial Statements Pursuant to Art. 26a para. 1 Sentence 2 of the German Banking Act (KWG)

Income Statement

Deutsch

Münchenerhyp.de