Tuesday, September 6, 2011

MünchenerHyp makes 19% more new business

By Bernhard Bomke

The Munich mortgage bank (Münchener Hyp) has promised in the first half of 2011 mortgage loans totaling 1.6 billion euros. This represents an improvement over the first six months of 2010 was 19%. The increase was particularly strong in the composite business with the local cooperative banks (plus a third). In the area of ​​commercial real estate financing was in the core markets of Germany, France and Great Britain reached € 370 million mid-year the volume of the entire previous year.