Green Covered Bond Pioneer Berlin Hyp AG Joins ECBC

Date

09 Jan 2017

Sections

Euro & Finance

Press release

  “Green Covered Bond Pioneer Berlin Hyp AG Joins ECBC”

Brussels, 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.

 

Contact:

Luca Bertalot

Secretary General

Tel: +32 2 285 40 35

lbertalot@hypo.org

 

Notes to the Editor:

1.     Established in 1967, the European Mortgage Federation (EMF) is the voice of the European mortgage industry, representing the interests of mortgage lenders and covered bond issuers at European level. The EMF provides data and information on European mortgage markets, which were worth over 7.0 trillion EUR at the end of 2015. As of January 2017, the EMF has 19 members across 14 EU Member States as well as a number of observer members.

2.     In 2004 the EMF founded the European Covered Bond Council (ECBC), a platform bringing together covered bond issuers, analysts, investment bankers, rating agencies and a wide range of interested stakeholders. As of January 2017, the ECBC has over 100 members across more than 30 active covered bond jurisdictions and many different market segments. ECBC members represent over 95% of covered bonds outstanding, which were worth nearly 2.5 trillion EUR at the end of 2015.

3.     In June 2014, the EMF and the ECBC came together to form the Covered Bond & Mortgage Council (CBMC), which replaced the European Mortgage Federation as the legal name under which both entities operate, although in practice, both the EMF and ECBC brands are maintained and used to identify the two areas of focus within the CBMC’s scope.

4.     The Covered Bond Label Foundation (CBLF) was established in 2012 by the EMF-ECBC. The Covered Bond Label website became fully operational on the 1st of January 2013, with the first Labels being effective since then. As of January 2017, the website features the Harmonised Transparency Template (HTT) and 14 National Transparency Templates, published by 81 issuers disclosing information on 97 labelled cover pools across 15 jurisdictions. The Covered Bond Label website currently provides issuance data on close to 4,300 covered bonds, amounting to a total face value of over 1.4 trillion EUR, out of which over 2,000 covered bonds already include information on the Liquidity Coverage Requirement (LCR).

5.     For the latest updates from the EMF-ECBC, follow us on Twitter, LinkedIn and YouTube or visit the EMF-ECBC blog.