Press Releases 2026

The Supervisory Board of Münchener Hypothekenbank eG (MünchenerHyp) has elected one of its members, Dr. Hermann Starnecker, Spokesman of the Board of Management of the VR Bank Kaufbeuren-Ostallgäu eG, as its new chairman.

Münchener Hypothekenbank eG (MünchenerHyp) is providing € 48 million in financing to Investcorp Bank BSC, a Bahrain asset manager, to purchase the Lyoner Stern office building in Frankfurt-Niederrad.

Münchener Hypothekenbank eG (MünchenerHyp) achieved record results in its new property financing business in its 2018 business year as the volume of new mortgage loan commitments made to finance property climbed by 12 percent to € 5.6 billion.

Münchener Hypothekenbank eG (MünchenerHyp) has organised the financing of Novartis Pharma's new headquarters in Paris as mandated lead arranger.

Münchener Hypothekenbank eG (MünchenerHyp) has provided a long-term loan to finance the purchase of the Avalon Business Park in Madrid.
The Bank served as the sole arranger for the € 76.5 million loan.

Münchener Hypothekenbank eG (MünchenerHyp) has financed the purchase of the Helix office building in Eschborn, Germany.

Münchener Hypothekenbank eG (MünchenerHyp) will provide a long-term loan in the several-hundred-million-euro range to GEG German Estate Group to finance the acquisition of the Garden Tower in Frankfurt am Main’s central business district. The bank is acting as sole underwriter for the transaction.

 The Energy Efficient Mortgages (EEM) Initiative is, today, unveiling its definition of an energy efficient mortgage which is the result of extensive cross-sectoral, market consultation of the lending institutions piloting the energy efficient mortgage framework and of the EEM Advisory Council.

Today’s announcement coincides with the start of the United Nations Climate Change Conference - COP24 -  taking place in Katowice, Poland until 14 December.

Münchener Hypothekenbank eG (MünchenerHyp) is providing a long-term loan of € 143.4 million to finance the acquisition of the new Zalando Campus in Berlin-Friedrichshain.

The bank is acting as sole underwriter, lender and agent for a Luxembourg-based specialised investment fund in real estate aimed at institutional investors. Acting as investment and asset manager for the buyer is Hines, a real estate investment company with international operations.

Münchener Hypothekenbank eG (MünchenerHyp) has broken new ground with the successful issue of its first ecological ESG Pfandbrief.

This makes it the first issuer to issue ESG Pfandbriefe on the basis of both social and ecological sustainability criteria.

The benchmark issue of €500 million attracted strong demand from investors, with the order book closing at over €900 million. Around 40% of the issue volume was subscribed by investors specialising in green and sustainable investments.

Münchener Hypothekenbank eG (MünchenerHyp) substantially expanded its new mortgage lending in the third quarter of 2018. .

Münchener Hypothekenbank eG (MünchenerHyp) is providing a long- term loan of € 140 million to finance the purchase of the Gallileo, a Grade A office building in Frankfurt am Main.

The Bank is acting as the sole underwriter, lender und agent for CapitaLand, one of biggest property firms in Asia and their Singapore-based REIT, CapitaLand Commercial Trust

Gallileo is one of the landmarks of Frankfurt’s business district. The building’s 40,500 square metres of office space are largely let on a long-term basis.

Münchener Hypothekenbank eG (MünchenerHyp) is rated internationally as one of the Pfandbrief banks that operates in a particularly sustainable manner.

In its most recent rating report ISS-oekom raised MünchenerHyp’s sustainability rating from C+ to B-. This upgrade means that the cooperative property financer is once again one of the top three rated institutions in the category “Financials/Mortgage & Public Sector Finance”. In addition, the rating agency also confirmed MünchenerHyp’s “Prime Status”.

Münchener Hypothekenbank eG was able to further expand its earnings in the first half of 2018. .

Net interest income increased by 11 percent over the same year-ago figure to € 138.1 million. The figure recorded for net interest income and net commission income improved by 19 percent to € 102.8 million following a slight decline in commission expenses.

The Supervisory Board of Münchener Hypothekenbank eG has resolved to appoint Dr. Holger Horn (born in 1974) as a member of MünchenerHyp’s Board of Management.

The appointment is subject to approval by banking supervision authorities. Plans call for Dr. Horn to begin his duties in Munich on 1 January 2019. He replaces Bernhard Heinlein (born in 1956) on the Board of Management, who will retire.

Münchener Hypothekenbank’s latest benchmark Mortgage Pfandbrief met exceptionally broad investor interest in the market.
International investors subscribed to about 40 percent of the € 500 million euro issue.

Interest from classical Pfandbrief investors like insurance companies and asset managers was also very high.

The pilot scheme of the Energy Efficient Mortgages Initiative (EEMI) is being launched with over 35 European banks.

Amongst the banks participating from Germany, Berlin Hyp and Münchener Hypothekenbank eG (MünchenerHyp) are founding members of the initiative.

Münchener Hypothekenbank eG (MünchenerHyp) is providing acquisition finance to “Deutsche Investment - Wohnen IV”, an open-ended real estate special fund managed by Deutsche Investment Kapitalverwaltungsgesellschaft, for the acquisition of 13 residential and commercial properties in Hamburg.

Münchener Hypothekenbank eG set a new record for property financing in its 2017 business year.

The Bank’s new mortgage finance business exceeded the € 5 billion euro mark for the first time and totalled € 5.1 billion. “Our new business results again benefited from the unbroken favourable situation in the property markets. This allowed us to further strengthen our market position as planned,” said Dr. Louis Hagen, Chairman of the Münchener Hypothekenbank’s Board of Management.

Münchener Hypothekenbank eG has financed the Monument Building, located at 11 Monument Street in London.

The bank was mandated by the Global Real Estate group of Credit Suisse Asset Management to provide the financing for an investment vehicle limited to Swiss investors.

MünchenerHyp acts as sole underwriter for the financing at the end of 2017. The loan-to-value ratio of the financing is 57 percent. Almost half of the loan was syndicated to LBBW with MünchenerHyp acting as the agent for this transaction.

Münchener Hypothekenbank eG has hired Thomas Völker as head of commercial real estate international clients.

In his new role at MünchenerHyp he started January 1, 2018. He will be responsible for the expansion of the German lending business with non-German clients. Furthermore, he will be responsible for the commercial lending business with non-German clients in the Bank’s international target markets UK, France, Spain and Benelux as well as expansion into other European real estate markets.

Münchener Hypothekenbank eG’s most recent Swiss franc denominated Mortgage Pfandbrief set a record in the Swiss capital market.

It marked the first time ever that a foreign covered bond issuer obtained a higher interest rate discount vis-a-vis the Swiss domestic Pfandbrief interest rate curve. The issue was placed at a price 8 basis points below the Swiss franc mid-swap rate.

Münchener Hypothekenbank eG has successfully continued on its course of growth.

During the nine months ending 30 September 2017 the Bank’s interest income rose by 13 percent over the same year-ago period to € 190.3 million (30 September 2016: € 168.5 million). “Thanks to our unbroken favourable new business results we are once again able to strengthen our earnings power as planned”, said Dr. Louis Hagen, the Chairman of the Board of Management of MünchenerHyp commenting on the Bank’s performance as at 30 September 2017.

Münchener Hypothekenbank eG remained on its course of growth in the first half of 2017. .

The cooperative property financer expanded its new business by 19 percent to almost € 2.8 billion (30 June 2016: € 2.3 billion). Unbroken high demand for property financing favourably influenced MünchenerHyp’s earnings. During the first six months of the year the Bank’s interest income rose to € 124.8 million, a gain of 12 percent over the same year-ago figure (30 June 2016: € 111.9 million).

Münchener Hypothekenbank eG has set an end to this year’s summer break while issuing its second Mortgage Pfandbrief in benchmark size.

The issue met a huge investor demand so that the bank had decided to increase the volume to € 750 million. The order book had exceeded € 1 billion in size.

The maturity of the Mortgage Pfandbrief is a long 9 years and has a coupon of 0.625 percent. The bond was priced at midswap minus 13 basis points.

Münchener Hypothekenbank’s Supervisory Board announced today that it has extended the Board of Management contract of Dr. Louis Hagen (59) as Chairman of the Board of Management earlier than scheduled until 2023. .

Dr. Louis Hagen has been a member of MünchenerHyp’s Board of Management since 2009 and was appointed Spokesman for the Münchener Hypothekenbank’s Board of Management in 2010 and then Chairman in 2016. He is responsible for Bank Strategy.

Münchener Hypothekenbank eG’s first benchmark issue in 2016 generated very strong demand among Pfandbrief investors.
The € 500 million Mortgage Pfandbrief has a coupon of 0.625 percent and a term of 10 years. The order book was closed after orders for € 650 million were received.

The Delegates Meeting of Münchener Hypothekenbank eG has elected Josef Hodrus as a new member of the Bank’s Supervisory Board.

Josef Hodrus is a member of the Board of Management of the Volksbank Allgäu-West eG, which he has successfully led since 1998. In addition, he is actively engaged in various bodies of the Cooperative Financial Network and companies of this network. Josef Hodrus is also a member of the Special Committee on Credits of the Baden-Wuerttemberg Cooperatives Association.

Münchener Hypothekenbank eG remained on its path for growth in the 2016 business year.

The property financier further expanded its new business results while strengthening its earning power and level of equity capital. “We are very pleased with the results we achieved in the previous business year. In an increasingly tougher competitive situation we have successfully advanced forward with our innovative financing solutions”, said Dr. Louis Hagen, Chairman of the Münchener Hypothekenbank Board of Management.

Münchener Hypothekenbank eG has provided underwriting of Deutsche Telekom’s headquarters building in Bonn.

After fully underwriting the loan, MünchenerHyp placed 50 percent of the financing with external investors.

The financed building complex is located in the federal district (Bundesviertel) of Bonn and is fully let to Deutsche Telekom AG. The property has over 81,000 square metres of space and 946 underground parking spaces.

Münchener Hypothekenbank eG has financed the purchase of an office and commercial building located in the central business district of Paris at 69 Boulevard Haussmann.

The financing has a volume of € 64 million. The building was acquired by Encore+, an open-ended fund managed by Aviva Investors with LaSalle Investment serving as the asset manager.

Münchener Hypothekenbank eG has received the Deal of the Year Award from mtn-i, a well known international data platform for fixed-income securities.

The jury’s decision was based on a Swiss Franc denominated Mortgage Pfandbrief that was issued by MünchenerHyp in the summer of 2016.

MünchenerHyp was the first German bank to issue a Swiss Franc denominated Pfandbrief since 2010. The 2-year Pfandbrief had a volume of 200 million Swiss Franc and a coupon of 0.01 percent. Commerzbank served as lead manager for the issue.

Münchener Hypothekenbank eG announced today that its results have risen further.
As of 30 September 2016 the Bank recorded net interest income of € 168.5 million (30 September 2015: € 161.7 million), or 4.2 percent over the same year-ago figure. “We are on track to improve our earnings and see ourselves well positioned to face the growing challenges posed by the market and competition“, said Dr. Louis Hagen, Chief Executive Officer of MünchenerHyp.

Münchener Hypothekenbank eG further strengthened its earnings power in the first half of 2016. Following the record results posted in 2015 the figure for net interest income and net commission income rose by 3 percent during the first six months of the year to € 75 million (2015: € 72.9 million).
“The first half of 2016 confirmed the sustainability of our business strategy in a market environment that is becoming increasingly competitive”, said Dr. Louis Hagen, the Chairman of Münchener Hypothekenbank’s Board of Management.

Münchener Hypothekenbank eG has been awarded with the seal of quality for sustainability by DZ Bank AG.

This seal is based on the sustainability rating given by the cooperative central institution.

 Münchener Hypothekenbank eG has again issued a US dollar denominated benchmark Mortgage Pfandbrief.
The 3-year Pfandbrief has a volume of USD 600 million and a coupon of 1.375 percent. Pricing of the bond has been fixed at a Euro equivalent of 6 month Euribor of minus 10.5 basis points – a price level that was far beyond prices attained thus far by this year’s euro-denominated Pfandbrief issues.

oekom research’s latest sustainability rating for Münchener Hypothekenbank eG has positioned the Bank as one of the agency’s top three rated banks in the category of “Financials/Mortgage & Public Sector Finance”.

This resulted from the agency raising MünchenerHyp’s rating from C to C+. oekom research’s individual rating for the Bank’s ecological commitment is B-, while its rating for the Bank’s social commitment is C+. At the same time the agency confirmed the Bank’s Prime Status.

Dr. Louis Hagen, Chairman of the Münchener Hypothekenbank eG Board of Management was elected as President of the Association of German Pfandbrief Banks (vdp) during today’s members’ meeting of the Association.

Hagen has been a member of the vdp Board of Management since 2010 and previously served as the Chief Executive of the Association from 2001 until 2009. He became a member of Münchener Hypothekenbank’s Board of Management in 2009 and was subsequently named its Chairman in March 2016.

Münchener Hypothekenbank eG announced today that it has signed an agreement with GFW Capital GmbH to terminate a silent participation in the Bank effective 30 June 2016. This agreement will allow GFW Capital to redeem a bond it issued to refinance the silent participation.
The bond will also be redeemed on 30 June 2016.

GFW Capital has given notice today that it will redeem the bond (ISIN: XS0237509293) on 30 June 2016.

The members of Münchener Hypothekenbank eG’s Supervisory Board have elected Wolfhard Binder, the Chairman of the Board of Management of the Raiffeisen-Volksbank Ebersberg eG, as their new Chairman.

Wolfhard Binder has been a member of the Bank’s Supervisory Board since 2010.

Münchener Hypothekenbank eG’s first benchmark issue of 2016 encountered broad and lively investor demand.

The € 500 million Mortgage Pfandbrief was priced at one basis point below the mid-swap rate. The issue has a coupon of 0.5 percent and a term of 10 years.

Münchener Hypothekenbank eG posted record results for its 2015 business year.

Net interest income and net commission income improved by a substantial 40 percent to € 154.7 million. “Our success is primarily driven by our growth strategy which we have decisively realised in the previous years. This has enabled us to notably strengthen our earnings power despite the enormous costs we incurred to meet regulatory requirements”, said Dr. Louis Hagen, the Chairman of Münchener Hypothekenbank’s Board of Management, during the presentation of the 2015 business results.

The sustainability rating agency imug has raised its ratings for Münchener Hypothekenbank eG in all three of the securities categories it evaluates.

The new ratings propel MünchenerHyp up into the top group of financial institutions rated by imug.

The rating agency Moody’s has raised its rating for Münchener Hypothekenbank eG’s senior unsecured liabilities from A2 to A1. Moody’s also confirmed its Prime-1 rating for the Bank’s short-term liabilities.
Moody’s rating for MünchenerHyp’s Public Pfandbriefe and Mortgage Pfandbriefe remained unchanged at the highest Aaa rating.

Münchener Hypothekenbank eG has defended its title as an outstanding Covered Bond issuer.

A successful benchmark funding in the last year together with trustworthy investor relations activities have built the basis for the CMDportal Awards 2016 as “Best Covered Bond Issuer”.

Münchener Hypothekenbank eG (MünchenerHyp) and Hausbank München eG (Hausbank) have agreed to further intensify their good cooperative efforts of the previous years.

Both parties have identified a number of promising areas for future joint efforts, although a merger is not foreseen at this time.

MünchenerHyp and Hausbank signed a letter of intent in October 2015 wherein they agreed to closely examine future cooperation through to a possible merger.

Münchener Hypothekenbank eG (MünchenerHyp) and Hausbank München eG (Hausbank) are conducting talks about a possible collaboration that include a possible merger of the two banks.

A corresponding letter of intent has been signed by both parties. Coming talks should cover key issues and define details of the future strategic direction. These points should then be documented in a memorandum of understanding.

Münchener Hypothekenbank eG’s earnings figures are increasingly reflecting the Bank’s unbroken run of new business success.

As of 30 September 2015 the Bank’s net interest income figure was about 35 percent higher than the same year-ago figure and amounted to € 161.7 million. Commenting on the nine-month results for 2015 Dr. Louis Hagen, Spokesman for the Münchener Hypothekenbank’s Board of Management, noted: “We have made additional progress towards our strategic objective of sustainably strengthening MünchenerHyp’s earning power.”

Münchener Hypothekenbank eG successfully placed a 500 million euro Mortgage Pfandbrief.

The new issue was the bank’s fourth benchmark issue in the current year. “The issue faced a very demanding capital market environment as the primary market was highly active in September. This is why we are even more pleased that the issue was a success, which once again underlines the high quality of MünchenerHyp’s Pfandbriefe“, said Dr. Louis Hagen, Spokesman for the Münchener Hypothekenbank’s Board of Management.

Münchener Hypothekenbank eG continued the strong pace of growth it recorded last year during the first half of 2015. New business in the property finance area increased by 19 percent to € 2.4 billion (previous year: € 2.1 billion).

Münchener Hypothekenbank eG announced that it successfully issued a long 5-year Mortgage Pfandbrief with a volume of € 750 million.

Heavy demand was noted for the benchmark issue that carries a coupon of 0.25 percent. The order book was closed soon after opening when orders for about € 1 billion had been received. The Pfandbrief was priced at 17 basis points below the mid-swap rate, which is the highest discount for risk recorded thus far this year for Pfandbriefe and Covered Bonds.

Münchener Hypothekenbank eG has defended its first place ranking in the “Covered Bonds & Pfandbriefe“ category of the “Best Borrowers Survey 2015“ conducted by Euromoney, a British trade publication.

The results showed a large gap between the top ranked MünchenerHyp and the number two institution. The survey was conducted among major banking customers.

 Münchener Hypothekenbank eG announced today that it placed its second benchmark issue of the year.

The 8-year Mortgage Pfandbrief has a volume of € 750 million and carries a coupon of 0.5 percent. The order book recorded € 1 billion in orders for the new issue. The Bank attained a price of 17 basis points below the mid-swap rate for the issue.

Münchener Hypothekenbank eG has received another accolade for the world’s first sustainable Mortgage Pfandbrief (ESG Pfandbrief), coming top of the Innovation category at the Covered Bond Report Awards for Excellence 2015 in Frankfurt.

In granting the award, the panel acknowledged that MünchenerHyp and its ESG Pfandbrief have played a leading role in developing a market for sustainable covered bonds.

Münchener Hypothekenbank eG recorded further growth in almost all of its areas in the 2014 business year.

The Münchener Hypothekenbank eG Supervisory Board has extended the Board of Management contract of Michael Jung (50) until 2020. The decision reflects the Supervisory Board’s absolute confidence in Michael Jung.
“We are pleased that in view of MünchenerHyp’s successful development over the past years, we can ensure continuity of the Board of Management team by extending Mr. Jung’s contract“, said Konrad Irtel, Chairman of Münchener Hypothekenbank’s Supervisory Board.

Münchener Hypothekenbank eG is strengthening its commitment to sustainable capital investments by becoming a Climate Bonds Initiative partner.

Münchener Hypothekenbank eG’s first benchmark issue of the year met with enthusiastic investor demand.

The issue with a volume of € 750 million was oversubscribed by almost three times as orders for € 2 billion were received within a short period. The Mortgage Pfandbrief has a term of 10 years and achieved a price of 14 basis points below the mid-swap rate – this is the highest discount for risk ever in this maturity segment. The Pfandbrief carries a coupon of 0.5 percent.

Münchener Hypothekenbank eG has been honoured for setting new standards in the covered bond market in 2014. This was reflected by the results of an international survey conducted by the Capital Market Data Network (CMDportal) among more than 18,000 institutional investors, issuers and bond dealers who elected MünchenerHyp as the Best Covered Bond Issuer and Most Innovative Green Bond Issuer.
The Bank received the 2015 CMDportal Awards.

Münchener Hypothekenbank eG announced today that it has provided € 20.7 million of financing for the purchase of Square 41, an office building in Frankfurt am Main.

The property was purchased by an open-ended property fund managed by Amundi Real Estate (RE), which was formed from the merger of the real-estate investment management operations of Crédit Agricole and Société Générale.

Münchener Hypothekenbank eG has given legal notice that it will terminate its silent participation with Isar Capital Funding I LP effective December 31, 2014. The silent participation has a value of € 100 million and will be repaid as contractually agreed on June 30, 2015. Furthermore, a bond issued by Isar Capital Funding I LP (ISIN DE000A1APTA4) will also be repaid on the same date.

Münchener Hypothekenbank eG is well prepared for the European Central Bank (ECB) to take over supervision of the Bank.

Münchener Hypothekenbank eG remains on its growth path as it significantly increased its new business results again in the third quarter.
Up until the end of September 2014 the Bank had made new property financing commitments of 3.2 billion euros, or 22 percent more than in the same year-ago period.

Rafael Scholz, MünchenerHyp’s head of treasury, has been honoured with the Editor’s Choice Award given by The Cover, a British trade publication.
The Award is presented on an irregular basis for outstanding performance in the covered bond segment.

Münchener Hypothekenbank eG generated a notable excitement in the capital markets today when it issued the world’s first ESG Mortgage Pfandbrief (Environment, Social, Governance).

Coverage for the issue is based on sustainable ecological, social and political-socio criteria. The € 300 million issue was very successful and was oversubscribed by a factor of 1.6 within a short period of time.

Münchener Hypothekenbank eG stated today that it was very satisfied with the development of its business during the first half of 2014 as new business increased by 24 percent.

Dr. Peter Ramsauer has been appointed a new member of the Supervisory Board of Münchener Hypothekenbank eG after being elected at the Bank’s Delegate’s Meeting.

Dr. Peter Ramsauer is a member of the German Bundestag and the former Federal Minister of Transport, Building and Urban Affairs. He has been the Chairman of the German Bundestag Committee on Economic Affairs and Energy since January 2014.

Münchener Hypothekenbank eG has significantly improved its own capital resources by raising about € 400 million of common equity Tier one capital during the first six months of this year.

The capital was raised within the framework of a broadly based effort to attract additional paid up capital from within the Cooperative Financial Network. As a result, the Bank’s common equity Tier one capital ratio rose substantially to 11.1 percent as of June 30, 2014 from 6.3 percent recorded at the end of 2013.

Münchener Hypothekenbank eG continues to enjoy a very good standing among its investors as reflected by the results of the “Best Borrowers Survey 2014,” a global survey conducted by “Euromoney”, a British trade publication.

The results of the survey of major customers of banks around the world ranked MünchenerHyp together with DNB, a Norwegian bank, as number one in the category “Covered Bonds & Pfandbriefe.” Both of the winners received far more votes than the third-ranked bank. MünchenerHyp came in third in the previous year’s survey.

Münchener Hypothekenbank eG successfully placed its first large-volume Mortgage Pfandbrief of 2014 in the capital market today.

The 10-year benchmark issue has a volume of € 500 million. Heavy investor interest led to a price of just 7 basis points above the mid-swap rate for the issue. This is the lowest premium paid for 10-year Pfandbriefe to date this year in the primary market.

Münchener Hypothekenbank posted notably higher results for the 2013 business year.

The rating agency Moody’s has raised the outlook for its ratings for uncovered liabilities (A2) and fundamental financial strength (D) of Münchener Hypothekenbank eG from negative to stable.

In addition, the Prime-1 rating for the Bank’s short-term liabilities was confirmed.

Moody’s justified this step by noting that MünchenerHyp had strengthened its level of equity capital in 2013. “Last year we were able to increase our common equity Tier 1 capital by about € 90 million,” said Dr. Louis Hagen, Spokesman for the Münchener Hypothekenbank’s Board of Management.