Press release

Bausparkasse Schwäbisch Hall joins ECBC and Covered Bond Label as latest member

7 September 2023

The European Covered Bond Council (ECBC) and Covered Bond Label Foundation (CBLF) are delighted to announce the addition of Bausparkasse Schwäbisch Hall as their latest member.

Schwäbisch Hall operates as a building society and service provider, primarily serving the private construction financing needs of roughly 750 cooperative banks throughout Germany.

Commenting on Bausparkasse Schwäbisch Hall’s admission as a member, Luca Bertalot, EMF-ECBC Secretary General & Covered Bond Label Foundation Administrator said:

“We are delighted to welcome Bausparkasse Schwäbisch Hall to the ECBC & Covered Bond Label. Building societies play a vital role in the financial landscape and are an excellent example of the symbiotic relationship between mortgage lending and covered bonds which are central to securing financial stability and fostering access to housing . BSH’s decision to join us 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.”

Commenting on this, Mike Kammann, Member of the Management Board at Bausparkasse Schwäbisch Hall, stated:

“Sustainability is a cornerstone of BSH´s corporate strategy. Financing green buildings is our core business and being part of this Europe-wide initiative will help us attracting ESG oriented international investors for the refinancing of our increasing green loans. In the future, BSH will publish its issuance data and other information in a standardized format in ECBC´s database. This will give investors, analysts, regulators and other market participants even better access to transaction related data and create the transparency market participants seek for. Our membership offers a great opportunity to actively contribute to the promotion of covered bonds and to further strengthen our position in the market as an issuer.”