A company of LBBW
2020 Interim Financial Report
13 August 2020
Foreword by the Board of Management
Do you still remember what you expected the year 2020 to look like? Words like “social distancing”, “self-isolation” or “face mask” probably didn’t even come into it. By now, these words roll off the tongue. We are all slowly finding our way into the new normal with the COVID-19 virus – although it is not yet clear exactly what this normal will look like.
This also applies to the real estate markets. Will companies need less office space in the future because their employees largely work remotely? Or even more space, because extensive rules for social distancing should be observed? Will people in the future primarily shop online? Do we need other logistics properties because supply chains and the flows of goods are changing? It is not yet possible to give definitive answers to these and other questions.
Der Halbjahresbericht 2020
The “Management” section gives an overview of the composition of the Supervisory Board, the Board of Management and the Supervisory Board Committees of Berlin Hyp for the first half of 2020. In addition, the Cover Pool Monitor and the Deputy Cover Pool Monitors shall be named.
The “Interim Management Report” section provides a detailed presentation of Berlin Hyp’s business performance, results of operations and position until 30.06.2020. This includes information on the principals of the Bank (business model, objectives and strategies, management system) and statements on possible further developments in the form of an “Opportunities, Forecast and Risk Report”.
The “Annual Financial Statements” section presents all of Berlin Hyp’s key figures for the 2020 first financial half-year – including the annual balance sheet and a profit and loss account. The annual financial statements thus give a reliable picture of Berlin Hyp’s financial situation and success until 30.06.2020.
In the “Service” section, a list of the most important abbreviations can be found, to make reading Berlin Hyp’s Interim Report 2020 easier. In addition, there is a directory of Berlin Hyp addresses as well as contact persons at the Bank.