Announcement of the supervisory board
HAMBURG – At its meeting on 31 March 2021, the Supervisory Board of Hamburg Commercial Bank AG (HCOB) granted the request made by Dr. Nicolas Blanchard (52), Chief Clients and Products Officer (CCO), not to renew his contract, which expires at the end of 2021. Responsibility for the Bank's entire client business will be assumed by Chief Investment Officer (CIO) Christopher Brody (52) from April 1, 2021. With this decision, the Supervisory Board is streamlining the organizational structure as well as the Management Board of Hamburg Commercial Bank, which will consist of four members in the future.
Hamburg Commercial Bank posts 2020 pre-tax profit of € 257 million and strong capital ratio
HAMBURG – Hamburg Commercial Bank AG (HCOB) presented its final figures for financial year 2020 on Thursday, confirming Group net income before taxes of EUR 257 (previous year: 77) million and other preliminary key figures announced in February. Thanks to its prudent business policy, the bank coped excellently with the challenges of a volatile market environment in light of the pandemic and significantly strengthened its capital positions and profitability. Improved operating margins in the client business, a noticeably lower cost base and one-off effects contributed to the very good overall result. The positive figures confirm the success of HCOB’s sharpened business model as a specialized financier, further bolstering confidence that the Bank is well positioned for its intended entry into the Association of German Banks (BdB), which will mark the successful completion of its transformation and privatization as a whole
Hamburg Commercial Bank issues 5-year senior preferred benchmark bond
Hamburg Commercial Bank (HCOB) issued a 5-year benchmark bond on Tuesday, further optimizing its refinancing structure. The senior preferred bond with a coupon of 0.375 percent and a volume of EUR 500 million was well received by investors.
HCOB finances purchase and revitalization of office building in Amsterdam for HighBrook
Hamburg Commercial Bank (HCOB) provides the financing to a fund managed by private equity firm HighBrook Investors for the purchase and revitalization of an Amsterdam office building. The financing amount is in the lower double-digit million euro range, the term is five years.
Hamburg Commercial Bank Study: Power Purchase Agreements – Green energy for corporate consumers
The trend towards green energy is becoming increasingly important. Not only companies and their employees, but also customers are questioning their own carbon footprints more and more critically and are turning to renewable energy sources.
Preliminary 2020 results: HCOB significantly increases earnings and further builds strong capital position
Hamburg Commercial Bank AG (HCOB) achieved a Net income before taxes of EUR 257 (previous year: 77) million, demonstrating its prudent business policy and resilience in a challenging environment.
Hamburg Commercial Bank sells € 700 million renewable energy portfolio to UniCredit
On 16 December 2020, Hamburg Commercial Bank (HCOB) and UniCredit Bank AG (UniCredit) signed an agreement on the sale of a loan portfolio of circa EUR 700 million.
Hamburg Commercial Bank sells property on Hamburg's Gerhart-Hauptmann-Platz
Hamburg Commercial Bank (HCOB) has sold its headquarters building in Hamburg city centre, including the PERLE Hamburg shopping arcade, to SIGNA Group.
Hamburg Commercial Bank finances fiber optic network expansion for goetel GmbH – First promotion by KfW program “Digital Infrastructure”
Hamburg Commercial Bank (HCOB) provides the telecommunications provider goetel with a project financing of EUR 50 million for the expansion of the fiber optic network in several districts in Hesse and Lower Saxony.
Supervisory Board of Hamburg Commercial Bank extends contracts for CEO and CRO early
The Supervisory Board of Hamburg Commercial Bank AG (HCOB) extended the contracts of Chief Executive Officer (CEO) Stefan Ermisch (54) until the end of 2023 and of Chief Risk Officer (CRO) and Deputy CEO Ulrik Lackschewitz (52) until mid 2023 ahead of schedule in its meeting yesterday.