Press release

Green Covered Bond Pioneer Berlin Hyp AG Joins ECBC

9 January 2017

The European Covered Bond Council (ECBC) is pleased to announce that the German real estate and mortgage bank Berlin Hyp AG has become the latest member to join the Council.

As of January 2017, the ECBC represents over 100 members across more than 30 active covered bond jurisdictions globally.

Berlin Hyp was the first lender to issue a covered bond backed by green mortgages in April 2015, and is an active stakeholder in the recently launched pan-European Energy Efficient Mortgages Initiative. The ground-breaking initiative, led by the European Mortgage Federation – European Covered Bond Council (EMF-ECBC), seeks to create a standardised mortgage financing mechanism to support energy efficiency improvements in the European building stock.

Commenting on Berlin Hyp’s decision to join the ECBC, Luca Bertalot, EMF-ECBC Secretary General said:

“We are delighted to have the pioneer of Green Pfandbriefs on board the ECBC. Berlin Hyp’s experience with green issuances and expertise in selecting and classifying green building data will make an important contribution to the European Energy Efficient Mortgages financing initiative, which will be one of the ECBC’s main areas of focus in 2017.”

Sven Schukat, Head of Treasury at Berlin Hyp commented:

“The ECBC is the well-recognised think tank and international voice of the covered bond industry. We look forward to contributing to their important work on various upcoming regulatory and market-related covered bond issues. Moreover, we are especially excited about the collaboration with other market participants and stakeholders in the European Energy Efficient Mortgages financing initiative.”

More information about the ECBC and its membership can be found here.