ANNUAL REPORT 2008 - DG Hyp
ANNUAL REPORT 2008 - DG Hyp
ANNUAL REPORT 2008 - DG Hyp
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70 Deutsche Genossenschafts-<strong>Hyp</strong>othekenbank AG | Annual Report <strong>2008</strong><br />
Notes to the Financial Statements<br />
Nominal amount Present value Risk-adjusted present value*)<br />
b) Total amount 31 Dec <strong>2008</strong> 31 Dec 2007 31 Dec <strong>2008</strong> 31 Dec 2007 31 Dec <strong>2008</strong> 31 Dec 2007<br />
of outstanding € mn € mn € mn € mn € mn € mn<br />
Public-sector covered bonds 37,419 43,326 39,375 43,296 37,056 41,458<br />
Cover assets pool 39,656 46,181 42,333 46,783 39,895 44,911<br />
of which: Derivatives 0 48 0 48 0 41<br />
Excess cover 2,237 2,855 2,958 3,487 2,839 3,453<br />
Excess cover (%) 6.0 6.6 7.5 8.1 7.7 8.3<br />
*) When calculating stress scenarios, the static method is used for currencies and the dynamic method for interest rates.<br />
ad b) Maturity structure Public-sector covered bonds Cover assets pool<br />
31 Dec <strong>2008</strong> 31 Dec 2007 31 Dec <strong>2008</strong> 31 Dec 2007<br />
€ mn € mn € mn € mn<br />
up to 1 year 6,165 5,752 5,585 6,635<br />
> 1 year – 5 years 13,029 16,188 16,651 18,431<br />
> 5 years – 10 years 11,723 14,221 10,337 13,635<br />
> 10 years 6,502 7,165 7,083 7,480<br />
Total 37,419 43,326 39,656 46,181<br />
Assets included in cover for mortgage bonds, by loan amount<br />
Mortgages serving as cover<br />
31 Dec <strong>2008</strong> 31 Dec 2007<br />
€ mn € mn<br />
up to € 300,000 11,337 13,241<br />
> € 300,000 to € 5 million 2,042 2,197<br />
> € 5 million 2,309 2,745<br />
Total 15,688 18,183
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