Düsseldorfer Hypothekenbank

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  Düsseldorfer Hypothekenbank AG
logo
Country GermanyGermany Germany
Seat Dusseldorf
legal form Corporation
founding 1997
Website www.duesshyp.de
Business data 2016
Total assets 6,866 billion euros
insoles EUR 6,325 billion
Customer credit 1.461 billion euros
Employee 65
management
Board * Klaus Vajc (speaker)
  • Marcus Tusch
Supervisory board * Marc Hess

Template: Infobox_Kreditinstitut / Maintenance / ID is missing

The Düsseldorfer Hypothekenbank AG , also DüssHyp called, is a company specializing in state and property finance mortgage company based in Dusseldorf . Until the repeal of the Mortgage Bank Act, this term was used to describe a private-law credit institution that issues long-term loans secured by mortgages and loans to public authorities. Refinancing is done by issuing Pfandbriefe on the capital market .

The institute was founded by the entrepreneur Wolfgang Schuppli . During the financial crisis that had gripped the world since 2007, who had to Deposit Protection Fund of the Association of German Banks (BdB) already later acquire the shares one year. In 2010 he sold it to LSF5 German Investments II, LP, Delaware, USA (94%) and LSF5 Riverside Ltd. & Co KG, Frankfurt am Main (6%), companies that belong to the Lone Star Group . This group was also a shareholder in Corealcredit Bank . Schuppli later sued the BdB and other defendants for approx. € 500 million in damages because the sale only came about through threats and coercion. The lawsuit was dismissed in the first instance.

The bank specializes in commercial real estate finance. She only conducts direct business to a limited extent; the focus is on consortium business . The balance sheet total as of June 30, 2013 decreased compared to the end of the previous year to € 12.77 billion. The accumulated loss in mid-2013 was € 516.4 million; this result was essentially based on the loss carried forward and thus resulted largely from the result from previous financial years. In December 2013, when a bond from Düsseldorfer Hypothekenbank in the amount of 1.1 billion fell due, the last outstanding liquidity guarantee from SoFFin was repaid.

The Lone Star Group - allegedly - sold its shares to MainFirst founder Patrick Bettscheider and the British investment company Attestor Capital. However, as it turned out in March 2015, when the threat of bank failure of the Düsseldorfer Hypenthekenbank became known in the wake of a crisis at Hypo Alpe Adria , the owner question was unresolved.

On March 15, 2015, the Association of German Banks announced that the deposit protection fund of the private banks was providing a guarantee for the so-called Heta bonds in order to eliminate the acute risks. The aim is for the deposit protection fund to take over the bank. Lt. Annual report 2017 is an investment company of the deposit protection fund's sole shareholder.

In September 2018, Düsseldorfer Hypothekenbank AG was sold by the Association of German Banks to Aareal Bank AG . Subsequently, on January 2, 2019, a domination and profit transfer agreement was concluded with the new parent company.

The bank is a member of the Association of German Banks and the Association of German Pfandbrief Banks .

Key figures

Code number 2016 2015 2014 2013
New real estate business (EUR million) 0 162 712 494
Real estate loan portfolio (EUR million) 1,033 1.405 1,213 1,093
Capital market business (portfolio) (EUR million) 4,478 5,445 8,445 9,462
Earnings after taxes (EUR million) −94.0 −40.7 −42.0 −59.6
Core capital ratio 13.1% 10.5% 10.8% 13.2%

See also

Web links

Individual evidence

  1. ↑ Annual report 2016
  2. ↑ Yasmin Osman: Hereditary burdens pull Düsselhyp deep into the loss zone. In: handelsblatt.de. August 12, 2010, accessed April 5, 2018 .
  3. ^ Gabler Wirtschaftslexikon. Retrieved November 19, 2013.
  4. ↑ website of the vdp. Retrieved on November 19, 2013. ( Memento of the original from December 2, 2013 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. (PDF; 101 kB)  @1@ 2Template: Webachiv / IABot / www.pfandbrief.de
  5. ↑ Press release from Düsseldorfer Hypothekenbank dated December 7, 2010. Accessed on November 19, 2013. (PDF; 36 kB)
  6. ↑ rp-online from October 19, 2009. Accessed November 19, 2013.
  7. ^ Beck online. Retrieved November 19, 2013.
  8. ↑ Half-yearly report of the Düsseldorfer Hypothekenbank.
  9. ^ Communication from SoFFin. Retrieved on December 14, 2013. ( Memento of the original from December 14, 2013 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.fmsa.de
  10. ↑ Wirtschaftswoche: After renovation. Lone Star gets rid of real estate bank DüsselHyp.
  11. ↑ "As with Lehman": In the middle of Germany there is a risk of bank failure. Deposit insurance must step in. In: Focus. March 12, 2015, accessed April 5, 2018 .
  12. ↑ Banking Association. Retrieved March 15, 2015.
  13. ↑ Annual Report 2017. Düsseldorfer Hypothekenbank, p. 7 , accessed on April 5, 2018 : "The sole shareholder is Resba Beteiligungsgesellschaft mbH (Resba), a wholly-owned subsidiary of the ESF."
  14. ↑ Aareal Bank Group reaches agreement on acquisition of Düsseldorfer Hypothekenbank AG Aareal Bank AG press release of September 10, 2018, accessed on June 24, 2019
  15. ↑ Foreword by the Management Board in the 2018 Annual Report of Düsseldorfer Hypothekenbank AG , accessed on June 24, 2019
  16. ↑ website of the vdp. Retrieved November 19, 2013.
  17. ↑ Annual report 2016
  18. ↑ Annual Report 2015
  19. ↑ Annual report 2014
  20. ↑ Annual report 2014

Coordinates: 51 ° 13 ′ 16.2 ″  N , 6 ° 46 ′ 54.8 ″  E