Berlin Hyp generated €4bn in new business in 2014, up from €3.2bn the previous year. It also reported extensions of €1bn. Berlin Hyp changed from a wholly-owned subsidiary to an independent sister company of Berliner Sparkasse at the start of 2015. In the past financial year, Berlin Hyp’s position as a reliable group partner for commercial real estate finance within the Savings Banks Finance Group was further strengthened by the introduction and development of new products.