Press releases
-
08/24/2023
Hamburg Commercial Bank well on track with EUR 230 million pre-tax profit in the first half-year
Hamburg Commercial Bank AG (HCOB) presented its figures for the first half of 2023 on Thursday, reporting net income before taxes of EUR 230 (prior-year period: 178) million.
read more -
08/04/2023
HCOB donates more than EUR 50,000 from
Following the conclusion of the Hamburg European Open, Germany's largest tennis tournament, Hamburg Commercial Bank (HCOB) is handing over a donation of more than EUR 50,000 to “Hamburger Abendblatt hilft e.V.” association. The money raised during the Aces for a Good Cause! event at the tournament will be used by the association specifically to promote sport and physical activity for children and young people from low-income families.
read more -
07/31/2023
Hamburg Commercial Bank: ECB stress test result confirms robust business model
Hamburg Commercial Bank (HCOB) participated in this year's European Central Bank (ECB) EU-wide stress test and is one of the most resilient and well capitalized banks in Europe. With a capital depletion of 4.0 percentage points over the period 2023 – 2025 in the adverse scenario, HCOB performed better than the average of the other banks participating in the ECB stress test (-4.8 percentage points). HCOB's strong post-stress CET1 ratio of 16.5% is significantly above the average of 10.4% of the banks directly supervised by the ECB and substantially above the regulatory capital requirements.
read more -
07/06/2023
Hamburg Commercial Bank supports “Rowing against Cancer” charity regattas in northern Germany
Hamburg Commercial Bank (HCOB) is sponsoring the “Rowing against Cancer” regattas of the “Leben mit Krebs” (Living with Cancer) foundation and donating to the charity events in Hamburg and Schleswig-Holstein. Since 2005, rowing for a good cause has been organized in cooperation with local rowing clubs and oncological institutions throughout Germany. With a total of 28 boats, many of HCOB’s employees in Kiel and Hamburg also take part in the regatta.
read more -
05/31/2023
Hamburg Commercial Bank takes part in ekipa's innovation competition for the financial sector
Hamburg Commercial Bank AG (HCOB) is participating in this year's innovation competition “Finance Innovation Program” with a practical task (“challenge”). The program, initiated by the Frankfurt-based startup ekipa together with the German Federal Ministry of Finance, brings together established companies with students, start-ups and researchers from Europe to enable the development of forward-looking financial innovations.
read more -
05/09/2023
Hamburg Commercial Bank with a successful start in fiscal year 2023
Hamburg Commercial Bank AG (HCOB) has made a successful start to the 2023 financial year despite a challenging market environment. HCOB is performing extremely well, even in the current challenging times. As of early May, our net income is above our financial plan, and the credit quality of our loan book remains excellent,” said Ian Banwell, CEO of Hamburg Commercial Bank, on Tuesday.
read more -
05/08/2023
Hamburg Commercial Bank's Art Foundation for Schleswig-Holstein supports inclusive project “WIR! Worlds in Resonance”
In our diverse world, there are many areas of life that have hardly any points of contact with each other. Accessibility – even in a figurative sense – often does not exist. Thus, inclusion and art are a pair of terms that rarely come into contact. This is where the art project “WIR!” starts, which the Hamburg Commercial Bank Art Foundation for Schleswig-Holstein is sponsoring this year.
read more -
04/27/2023
Hamburg Commercial Bank again partner of Hamburg European Open – donation for each ace
Hamburg Commercial Bank (HCOB) is partnering Germany's biggest tennis tournament, the Hamburg European Open at Hamburg's Rothenbaum for the fourth time this year.
read more -
04/21/2023
Hamburg Commercial Bank attaches name to internationally recognized PMI® leading economic indicators from S&P Global
Hamburg Commercial Bank (HCOB) is the new naming sponsor of various S&P Global (S&P) Purchasing Managers' Index® (PMI®) series. The indices, which have been produced since the late 1990s, are considered reliable leading indicators of economic development in various sectors, countries and regions. Companies, government institutions, numerous central banks and other economic actors use the Purchasing Managers' Index series as a basis for their decisions. In the future, HCOB's Chief Economist, Dr. Cyrus de la Rubia, will comment on developments and trends in the monthly HCOB PMI Reports and place them in the current economic context.
read more -
03/30/2023
Hamburg Commercial Bank ends financial year 2022 with strong group net result
Hamburg Commercial Bank AG (HCOB) presented its final figures for the financial year 2022 on Thursday and confirmed the strong group net result after taxes of EUR 425 (previous year: 351) million along with the other key figures from February. Major contributors to the higher-than-planned profit were a further improvement in profitability in the operating business, and a positive development in risk provisioning. HCOB will continue to pursue its risk-conscious business strategy and based on its operational strength, good portfolio quality and high risk coverage, considers itself well positioned even in the current challenging market environment.
read more