Despite difficult market circumstances, Achmea Hypotheekbank generated good financial returns during 2010. Net profit decreased by EUR 4 million (8%) to total EUR 46 million, but return on average equity remained satisfactory at 9.1%. Capitalization of the bank improved, resulting in a Core Tier 1 ratio of 12.8% and a BIS ratio of 15.3%.
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| Press release AHB Annual Report 2010.pdf | 74.31 KB |
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.