Deutsche Hypo happy with H1

From normal operations this meant profits were up to EUR 35.2 mln from EUR 33.7 mln in the previous year. According to the company, this was due to the stable earnings situation and the continuing positive risk situation in the core area of commercial real estate finance. Return on equity increased to 7.6 pct, compared to 6.4 pct last year.

“Our positive business development in the first half of the year has laid the groundwork for us to achieve our ambitious targets for the whole year as well. The European commercial real estate markets in which we are active remain robust. Even though the competitive situation remains challenging, we are confident that we can continue to acquire an appropriate volume of new business that satisfies our high quality and return requirements,” commented Andreas Pohl, the chairman of the management board of Deutsche Hypo.