Hypo Real Estate Group

Hypo Real Estate Group is in the process of realigning its business as a specialist bank for real estate and public finance. The Group will also concentrate its activities in regional terms, and will in future focus on Germany and Europe. Depending on the particular area of activity, it will also be active in other international markets. The focus will always be on the eligibility of business for Pfandbrief funding.

The Hypo Real Estate Group has mission-critical know-how for this business model. It has access to the relevant markets, for the acquisition of customers and also as a result of its expertise in the Pfandbrief market. The Pfandbrief itself is a superior security. The German Pfandbrief, which is a positive USP of the German capital market, has also held up relatively well in the financial crisis.

Hypo Real Estate Group's consolidated total assets amounted to € 419.7 billion as of 31 December 2008. Realigning the Group will take a number of years.