Munich mortgage bank
Münchener Hypothekenbank eG | |
---|---|
Country | Germany |
Seat | Munich |
legal form | Registered cooperative |
Bank code | 701 105 00 |
BIC | MHYP DEMM XXX |
founding | 1896 in Munich as Bayerische Landwirthschaftsbank |
Association | Cooperative Association of Bavaria |
Website | www.muenchenerhyp.de |
Business data 2019 | |
Total assets | 42.87 billion euros |
Customer credit | 35.50 billion euros |
Employee | 573 |
Offices | 11 |
Members | 65,048 |
management | |
Board | Louis Hagen (chairman), Holger Horn |
Supervisory board | Hermann Starnecker (Chairman) |
List of cooperative banks in Germany |
The Münchener Hypothekenbank eG , shortly MünchenerHyp or MHB is the world's only mortgage bank in the legal form of a registered cooperative . The shareholders of MünchenerHyp are primary banks, cooperative central banks and around 80,000 members / owners. MünchenerHyp is a member of the Association of German Pfandbrief Banks , the Federal Association of German Volksbanks and Raiffeisenbanks (BVR) and the Bavarian Cooperative Association . A dividend is paid out regularly .
history
The company was founded on December 2nd, 1896 as Bayerische Landwirthschaftsbank and was supported by the cooperative sector and the then Royal Bavarian State Government of Prince Regent Luitpold . The Bavarian state granted non-interest-bearing capital of one million gold marks and an interest-bearing operating advance of one million gold marks as start-up aid .
Originally, the Bayerische Landwirthschaftsbank was supposed to be involved in the agricultural sector, but over the course of time it expanded its business areas to become a comprehensive mortgage bank. In 1971 the company was renamed Münchener Hypothekenbank .
Münchener Hypothekenbank is closely associated with the Wittelsbach family: as early as 1897, Prince Regent Luitpold allowed the bank to hold the Bavarian royal crown in its seal and, until 2011, Max Emanuel Prince of Bavaria was a member of the house as deputy chairman of the supervisory board .
Münchener Hypothekenbank is one of the cooperative banks with the largest number of members and one of the few independent Pfandbrief banks in Germany. Most of the bank's shareholders are customers.
On October 26, 2014, it became known that Münchener Hypothekenbank was the only German institute to fail the European Central Bank's bank stress test because it had a “nominal capital shortfall” during the review period. However, this had already been closed in the course of 2014, announced the Deutsche Bundesbank and the Federal Financial Supervisory Authority . According to Louis Hagen, spokesman for the bank's board of directors, the bank “had no chance of passing the test from the start” and carried out a capital increase because of the well-known capital shortfall.
Key figures
heading | 2014 | 2015 | 2016 | 2017 | 2018 |
---|---|---|---|---|---|
Balance sheet total (billion €) | 36,340 | 38.099 | 38.509 | 38.905 | 40.391 |
Number of employees | 462 | 493 | 493 | 509 | 550 |
Products
- Private real estate financing in association with the cooperative primary banks
- Commercial real estate finance
- Municipal loans
- Property valuation
- Mortgage and Public Pfandbriefe
literature
- Ludwig Hüttl: Origin, Change, Progress. From Bayerische Landwirthschaftsbank eGmbH to Münchener Hypothekenbank eG 1896–1996. Self-published, Munich 1996/97.
- Erich Rödel: 110 years of Munich Hypothekenbank. Review, present and perspectives. In: Historischer Verein Bayerischer Genossenschaften, Genossenschaftsverband Bayern (Ed.): "Cooperatives - Shaping the future on a solid foundation" (= series of publications on the history of cooperatives . Volume 8). Mediengruppe Universal, Munich 2007, ISBN 978-3-00-022124-8 , pp. 146-160.
Web links
Individual evidence
- ↑ a b Master data of the credit institute at the Deutsche Bundesbank
- ↑ https://www.muenchenerhyp.de/sites/default/files/downloads/2020-04/Geschaeftsbericht_2019.pdf
- ↑ Münchener Hypothekenbank failed in ECB tests . Report from October 26, 2014 in the derwesten.de portal , accessed on October 26, 2014
- ↑ Andrea Rexer: The bank that failed the stress test. In: Süddeutsche Zeitung . January 10, 2015, accessed January 10, 2015 .
- ↑ a b Annual Report 2014 (PDF; 4.2 MB)
- ↑ a b MünchenerHyp: Annual Report 2015. Accessed on December 21, 2018 (German).
- ↑ a b MünchenerHyp: Annual Report 2016. Accessed on December 21, 2018 (German).
- ↑ a b MünchenerHyp: Annual Report 2017. Accessed on December 21, 2018 .
- ↑ a b MünchenerHyp: Annual Report 2018. Retrieved on May 13, 2019 .
Coordinates: 48 ° 8 '24.7 " N , 11 ° 35' 2.7" E