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German Bank Merger Creates New Force in European Property Lending

FRANKFURT-Commerzbank, Deutsche Bank and Dresdner Bank have agreed to merge their mortgage bank subsidiaries, Deutsche Hyp, Eurohypo, and Rheinhyp. The new bank will trade under the banner of Eurohypo and will aim to challenge the ascendancy of HVB in the European property lending market.

By Graham Parker | Updated on November 12, 2001

FRANKFURT-A new force in property lending will aim to take on the might of HVB, following the merger of Commerzbank, Deutsche Bank and Dresdner Bank’s mortgage lending subsidiaries Deutsche Hyp, Eurohypo, and Rheinhyp.

The new bank will be called Eurohypo, and will have a total loan book of €138.3 billion ($125 billion). Last year alone the three merged banks agreed €18.4 billion ($16.5 billion) in commercial property loans.

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