Security

Haspa has existed as a Bank since 1827. Since then, it has consistently developed to its present size of its own resources. This resulted in an equity capital structure of some Euro 1.6 billion at December 31, 2010 which is well above the relevant statutory requirements and represents a major security factor, particularly in view of the fact that it mainly consists of the bank's core capital (Tier I). This in itself is an important foundation for the long-term existence of our Bank.

Haspa is also a member of the extensive security system operated by the German Savings Bank Organization. This security system works on the principle of banking security, i.e. not only certain deposits are secured but the Savings Bank in total. In this way, all customer deposits, securities issued by the Bank and the corresponding interest are automatically protected without limitation. Along with other large Savings Banks in North Germany, Haspa is also a member of the "Hanseatic Savings Bank and Giro Association". This association also maintains a support funds borne by the direct members but likewise in a supra-regional liability community with other Savings Bank support funds, the security fund of the Landesbanks and the security fund of the Savings Banks building societies.