Syntrus achmea

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Syntrus Achmea finances, develops and invests in real estate and mortgages on behalf of pension funds and other institutional investors. Syntrus Achmea focuses on sustainable investments with financial and social returns.

In the interview with Bruno Oudega and Hugo Ouwehand, two migration projects are highlighted that were carried out for Achmea in the "Mortgages" business area. The first project involves migration to Topicus' mortgage solution. The second project involves the transfer of a commercial mortgage portfolio to RNHB.

Bruno Oudega

Hugo Ouwehand

First we would like to introduce ourselves briefly

Bruno Oudega: "As Director of Mortgages at Achmea, I am responsible for the mortgage activities within Achmea. These activities are bundled in Syntrus Achmea. Among them, we run four brands: Woonfonds, Centraal Beheer, Syntrus and Attens.

Our services are all-encompassing: on one side are the investors, mainly pension funds and other institutional investors, and on the other side are the consumers who are looking for an ideal housing solution. In between is the largest area. Our task is to cover this area in the best possible way."

Hugo Ouwehand: "I have spent my entire professional career to date at Achmea. I started my career at Staalbankiers in the real estate financing business. I am currently responsible within Syntrus Achmea for the process from mortgage application to final repayment."

We are talking about two projects here. First of all the migration to Topicus. What were the motivations on a business level?

Hugo: "Our own tailored system was being phased out and needed to be replaced. We expected the new system to provide better maintainability, more efficient process management and optimal support for our online services. After making an extensive selection on the market, our decision fell on Topicus' mortgage system."

Were the goals achieved?

Bruno: "We now have a modern platform with which we can develop further. The goals of improved maintainability and reduced vulnerability were achieved. In the field of efficiency we have not yet been able to achieve everything we had in mind. This is also logical, because we have only been live for a short time and the system is still completely under development. This also applies to the support of our online services, which are also still under development."

What was the reason for the other project, the portfolio that went to RNHB?

Hugo: "After the credit crisis in 2007 and 2008, you could see that investors' risk awareness was changing. As a result, residential mortgages were priced more favorably than commercial real estate loans. As a result, we have shifted our focus to residential mortgages."

Bruno: "Due to our focus on residential mortgages, we sold the commercial mortgage fund to RNHB together with and on behalf of our shareholders. RNHB would like to take over the portfolio as quickly as possible and manage it itself, which gave the following data migration project a clear objective: To transfer the portfolio to RNHB as quickly as possible, and in the best way possible."

Mortgage portfolio transfers are happening more frequently after all. What distinguishes this situation from the others?

Bruno: "In this situation, not only the economic ownership was transferred, but also the entire servicing was transferred to the receiving party."

Pro forma statements represent estimated or projected financial figures for a company's operations. The three most common pro forma financial statements are the income statement, balance sheet, and cash flow statement. Public companies typically issue pro forma statements to inform shareholders and other business stakeholders of management's expectations for future business profits. These statements can also help internal business managers prepare reports and make financial decisions related to business operations.

Pro forma is a Latin term meaning "for the sake of form". Pro forma statements require business owners, directors, and managers to spend time planning and estimating potential profits from current or planned business operations. Many entrepreneurs and small business owners create these statements when writing their business plan. A business plan includes expected profits and other projected financial information to secure external financing from banks, lenders, and investors. Business owners can seek professional help in preparing pro forma reports and statements, e.g. B. Business consultants, business plan writers, or accounting firms.

The income statement is perhaps the most important of all pro forma statements. This statement includes projected sales revenue, rebates, returns, and allowances related to various goods or services sold by the business. The next section of the pro forma income statement is cost of goods sold. Cost of goods sold includes only those costs directly related to items in stock or other items sold to consumers. The third and final section of the income statement includes the various expenses associated with the day-to-day operations of the business.

A pro forma balance sheet includes projected balances of assets, liabilities, and equity or retained earnings owned or owed by the entity. Assets and liabilities are generally classified into two groups: current and noncurrent. Current assets comprise cash, inventories, receivables and other items expected to be consumed in less than one year. Current liabilities show all accounts payable and other current financial obligations that are due in one year. Current assets and liabilities are an important line item on the pro forma statement because they are expected to change frequently in the coming months.

Long-term assets include all items of the business that are not expected to be consumed within the next 12 months. Long-term liabilities are any long-term debt, such as mortgages or financial loans, that are not due in the next 12 months. Equity or retained earnings will reflect the expected economic value added from the company's operations.

The cash flow pro forma statement usually lists all expected future cash inflows and outflows from various business operations. Operations included in the statement of cash flows include operating, financing, and investing activities. This information helps organizations create budgets and other financial roadmaps to maintain positive cash flow throughout the fiscal year.

At its most recent meeting, the Interior Deputation dealt with a whole range of issues. In particular, the report on the huge cost increases in the construction of the West Police Station caused dismay among deputies.

The rent increases are a heavy mortgage for the future, said Thomas vom Bruch (CDU), speaker of the deputation.

Right at the beginning of the session, we covered a whole host of other reports, such as the radicalization of young people.

Deputy Birgit Bergmann (FDP) asked how well offers to strengthen media literacy were in demand or whether it was just a "paper tiger". She also suggested that, in addition to experts, young people could also be used as mediators in the prevention process. This is completely impossible and overtaxes young people, explained Daniel Heinke, head of the Public Security Department.

At the same time, he stated that the media offerings were well received. This is a good thing, she says, as many platforms are used for propaganda. For example, there are first-shooter games that contain Islamist propaganda. "The groups always use the hottest channels like Tiktok," knows Heinke. In addition, there have also been indoctrination institutions disguised as educational institutions.

When reporting on the possible displacement of the drug scene to Bremen-North, Bergmann told of many complaints about dirt, drug-related crime and break-ins at pharmacies.

That's what the report mentions, says Heinke. However, the security authorities have no evidence that the scene has moved from the central station to Bremen-North. Rather, a separate narcotics scene is developing there. That's why they've already increased police presence, Heinke said.

Construction costs increased

Drastic words found of the break with the topic cost increases with the police commissariat west. It is an exorbitant increase in costs: "What is happening here is something close to a catastrophe."

While the construction costs were estimated at 15 million euros at the beginning, this has now turned into more than 23 million euros. This is reflected in the rent for the new commissary. While the calculated rent was initially 26 euros per square meter, it has now almost doubled to 46 euros.

For the Interior Department, this means an additional annual rental cost of 700.000 euros. "You should really think about whether there are alternatives," warned vom Bruch.

Interior Senator Ulrich Maurer (SPD), on the other hand, does not see it: "There is no alternative. We can't find anyone else to do it at other prices. In all departments there are the same problems. That's why finance should initiate a process to organize funding," Maurer explained.

At least the deputies followed suit and approved the bill with a coalition majority.
Deputies even unanimously approved plans for the police to rent 680 square meters of office space at 6-8 Dotlinger Strasse. Traffic control is to move in there so that the CID can use the space then freed up at police headquarters.

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