Munich mortgage bank

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Logo of the cooperative banks  Münchener Hypothekenbank eG
logo
Country GermanyGermany 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

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

  1. ↑ a b Master data of the credit institute at the Deutsche Bundesbank
  2. ↑ https://www.muenchenerhyp.de/sites/default/files/downloads/2020-04/Geschaeftsbericht_2019.pdf
  3. ↑ Münchener Hypothekenbank failed in ECB tests . Report from October 26, 2014 in the derwesten.de portal , accessed on October 26, 2014
  4. ↑ Andrea Rexer: The bank that failed the stress test. In: Süddeutsche Zeitung . January 10, 2015, accessed January 10, 2015 .
  5. ↑ a b Annual Report 2014 (PDF; 4.2 MB)
  6. ↑ a b MünchenerHyp: Annual Report 2015. Accessed on December 21, 2018 (German).
  7. ↑ a b MünchenerHyp: Annual Report 2016. Accessed on December 21, 2018 (German).
  8. ↑ a b MünchenerHyp: Annual Report 2017. Accessed on December 21, 2018 .
  9. ↑ a b MünchenerHyp: Annual Report 2018. Retrieved on May 13, 2019 .

Coordinates: 48 ° 8 '24.7 "  N , 11 ° 35' 2.7"  E