DZ Hyp
DZ HYP is a leading German real estate bank and competence center for public customers in the cooperative financial network Volksbanken Raiffeisenbanken. In addition, DZ HYP is one of the largest Pfandbrief issuers in Germany. The bank emerged from the merger of Deutsche Genossenschafts-Hypothekenbank Aktiengesellschaft (DG HYP) with WL Bank AG Westfälische Landschaft Bodenkreditbank (WL BANK). The merger to form DZ HYP was entered in the commercial register on July 27, 2018. The merger took place retroactively from January 1, 2018. [1] DZ HYP is active in the three business areas of corporate customers, private customers and public customers. DZ HYP's main locations are Hamburg and Münster, with real estate centers in Berlin, Düsseldorf, Frankfurt am Main, Hamburg, Munich and Stuttgart. The bank also has regional sales offices in Hanover, Kassel, Leipzig, Mannheim and Nuremberg. [2]
| DZ HYP AG | |
|---|---|
|
|
| Country |
 Germany
|
| Seat | Hamburg and Munster |
| legal form | Corporation |
| Bank code | 200 904 00 |
| BIC | DGHY DEH1 XXX |
| founding | 1921 |
| Website | www.dzhyp.de |
| Business data 2019 | |
| Total assets | 79.4 billion euros |
| Employee | 870 |
| management | |
| Board | Georg Reutter (Chairman) Jörg Hermes Manfred Salber |
| Supervisory board | Uwe Fröhlich (Chairman) |
history
The DG HYP was founded in 1921 by the Prussian Zentralgenossenschaftskasse - founded in Berlin and was the first cooperative-owned Shinkin Bank in the cooperative movement - the later DG Bank and DZ BANK today. After the destruction of World War II, the focus was on reconstruction. DG HYP relocated its headquarters from Berlin to Hamburg and put the focus of business on private construction finance. The increasing prosperity in the Federal Republic of Germany in the 1960s and 1970s and the associated desire for larger living space had a positive effect on the development of DG HYP: From 1955 to 1970 the balance sheet total rose from DM 213 million to around DM 4 billion Reunification In 1990 DG HYP helped establish cooperative structures in East Germany. In 1993 the Braunschweigische Ritterschaftliche Hypothekenbank AG (until 1988 Braunschweigisches Ritterschaftliches Creditinstitut, founded in 1862) was integrated into the company. [1]
In 2002, Schleswig-Holsteinische Landschaft Hypothekenbank AG was incorporated (until 1995 Schleswig-Holsteinische Landschaft corporation under public law, founded in 1895). In 2007 a merger with the Münchener Hypothekenbank failed. In the same year the private real estate financing business was given up. At the beginning of 2008, the DZ BANK subsidiary realigned itself as the commercial real estate bank of the cooperative financial network. The private home finance business was concentrated within the DZ BANK Group at Bausparkasse Schwäbisch Hall.
The WL BANK was founded in 1877 under the name Westphalian landscape of Westphalian farmers from the former farming community. The institute was supposed to grant the Westphalian farmers cheap real estate loans on a non-profit basis. The regional focus of activity was in Westphalia-Lippe and the Lower Rhine. Burghard Freiherr von Schorlemer-Alst, the founder of the Westphalian Farmers' Association, played a decisive role in the establishment of the institute. He saw the foundation as absolutely necessary in order to avoid a credit problem in Westphalia. Kaiser Wilhelm I confirmed the deed of foundation for the landscape of the province of Westphalia on July 15, 1877 on the island of Mainau. After initially only financing agricultural and forestry operations, WL BANK expanded its business in 1973 to include building loans for residential construction and commercial property financing. In 1987, the company was converted into a stock corporation and incorporated into the Volksbanken Raiffeisenbanken cooperative financial group. WL BANK was a subsidiary of the former WGZ Bank, which merged with DZ BANK in 2016.
Merger to form DZ HYP
In March 2017, the two cooperative real estate banks DG HYP and WL BANK entered into merger talks. The foundation stone was laid when DZ BANK and WGZ Bank merged in 2016 to form the combined cooperative central bank DZ BANK. In June 2017, the Management Boards of DG HYP and WL BANK set out the framework conditions and key objectives of DZ HYP in a joint declaration of intent. The merger agreement was signed on March 20, 2018. At the end of May 2018, the decision-making general meetings of the shareholders of both banks approved the merger agreement, so that the merger to form DZ HYP was completed on July 27, 2018 with entry in the commercial register. The merger took place economically retrospectively as of January 1, 2018. [1] The transaction took place as a "merger by absorption". Here, the assets of WL BANK as a whole with all rights and obligations were transferred to DG HYP with the dissolution of WL BANK without liquidation. This was done against the granting of DG HYP shares to the shareholders of WL BANK.
Shareholders
The majority shareholder of DZ HYP is DZ BANK AG. It has a direct stake of around 77 percent in DZ HYP and a further 19 percent indirectly through fiduciary holding companies of the Volksbanken Raiffeisenbanken cooperative financial network. Other shareholders of the company are the Westphalian Landscape Foundation in Münster as well as Volksbanken and Raiffeisenbanken.
Key figures
2019 (figures in € million):
| Real estate lending business (new business) | |
| Commercial customers | 8,976 |
| Private customers / private investors | 2,294 |
| Housing industry | 898 |
| Public customers | 717 |
| Profit and Loss Account | |
| Net interest income | 554 |
| Commission income | -36 |
| Administrative burden | 251 |
| Risk provision | -4 |
| Financial asset balance | -3 |
| Operating profit | 265 |
Shareholdings / Daughters
VR Wert Gesellschaft für Immobilienversicherung mbH is a wholly-owned subsidiary
Web links
- DZ Hyp AG website
- DZ Hyp in the company database of BaFin
- Early documents and newspaper articles on DZ Hyp in the 20th Century press kit of the ZBW - Leibniz Information Center for Economics .
Individual evidence
- ↑ 100 percent owned by DZ Bank AG (directly and indirectly)
- ↑ a b Master data of the credit institute at the Deutsche Bundesbank
- ↑ https://www.dzhyp.de/de/investor-relations/kennzahlen/
- ↑ DZHYP: key figures. In: www.dzhyp.de. Retrieved October 9, 2019 .
Coordinates: 53 ° 33 ′ 13.1 ″ N , 10 ° 0 ′ 5.4 ″ E
