Achmea Hypotheekbank focuses on value - 18th of August 2010

Achmea Hypotheekbank achieved a net profit of EUR 39.6 million in the first half of 2010, which is a significant improvement on the preceding year (first six months of 2009: EUR 30.3 million).

As the interest margin decreased, the growth of the net profit can be explained by positive fair value results.The pre-tax profit was up from EUR 40.7 million to EUR 53.1 million.

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AHB Press release Interim results 2010.pdf95.25 KB
 
Funding Programme

Achmea Hypotheekbank is a subsidiary of Achmea that offers residential mortgage loans in The Netherlands. Achmea Hypotheekbank funds itself in the capital market through the EUR 10 billion Covered Bond Programme and EUR 10 billion Secured Debt Programme.