19 March 2020
Brussels, 19 March 2020 – For immediate release
The European Covered Bond Council (ECBC) is pleased to announce that DZ HYP, has become the latest institution to join the Council. Accordingly, the ECBC now represents 124 members from across more than 30 active covered bond jurisdictions around the world.
DZ HYP is a leading real estate bank and a major issuer of Pfandbriefe (German covered bonds) in Germany. Its core fields of activity are the four business divisions of Commercial Real Estate Investors, Housing Sector, Public Sector, and Retail Customers/Private Investors. As such, its product and service range covers the entire spectrum of real estate finance and local-authority lending.
Commenting on DZ HYP’s admission as a member, Luca Bertalot, EMF-ECBC Secretary General said:
“We are delighted to welcome DZ HYP on board and we look forward to their valuable contribution to our activities. DZ HYP’s decision to join the ECBC further strengthens our membership base in one of Europe’s most traditional covered bond markets and underscores the added value that our work brings to the entire covered bond community. We also welcome DZ HYP’s decision to join the Covered Bond Label in parallel to the ECBC.”
Dr. Georg Reutter, CEO of DZ HYP commented:
“We are delighted to join the European Covered Bond Council and the Covered Bond Label. As a leading issuer of Pfandbriefe in Germany, DZ HYP is committed to promote the covered bond market segment and strengthen investor transparency.”
More information about the ECBC and its membership can be found here.