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  September 5, 2001
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Home > Company Index > Banking > Banking - Europe > Bayerische Hypo- und Vereinsbank Aktiengesellschaft

Bayerische Hypo- und Vereinsbank Aktiengesellschaft
 PROFILE
European unification isn't just hypothetical for Bayerische Hypotheken und Vereinsbank (HypoVereinsbank), Germany's #2 bank after Deutsche Bank. Unlike its rival, however, HypoVereinsbank has few global aspirations, preferring instead to focus on Europe (where it's the leading mortgage lender). The bank operates more than 2,400 branches in about 30 countries and is expanding eastward via such acquisitions as Bank Austria (completed in 2001). In addition to offering lending and deposit services, it underwrites securities and has holdings in operating companies. Insurer Allianz owns about 18% of the company.

 COMPETITION
Deutsche Bank AG (DTBKY)
Dresdner Bank AG (DRSDY)
Westdeutsche Landesbank Girozentrale (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 32,453.20
1-Yr. Sales Growth: 5.5%
Employees: 72,867
Revenue per employee: $445,375.82

 KEY PEOPLE
• Albrecht Schmidt
    CEO
• Karl R. Jung
    CFO

 CONTACT INFO
Am Tucherpark 16
80538 Munich, Germany
Phone: 49-89-378-0
Fax: 49-89-378-24083
Online: Web Site

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