Press releases

06/04/2021

Hamburg Commercial Bank renews partnership with Hamburg European Open

Hamburg Commercial Bank (HCOB) is once again sponsor of the Hamburg European Open. This year, in addition to the traditional men's tournament (12 to 18 July), Hamburg will also host a women's tournament for the first time in 19 years. The stars of the WTA Tour will be back at Rothenbaum from 7 to 11 July. HCOB will be one of the key partners supporting both world-class tennis events.

06/01/2021

Hamburg Commercial Bank finances largest open fibre network in Portugal

Hamburg Commercial Bank (HCOB) has closed one of the most important infrastructure transactions in fibre roll-out on the Iberian Peninsula. Being mandated by its long-standing client dstelecom, the Hamburg-based bank structured the expansion financing, which will be Portugal's leading private open-access fibre-optic network operator capable of providing a total of one million connections.

05/18/2021

Hamburg Commercial Bank Selects nCino’s Best-in-Class Technology

nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that Hamburg Commercial Bank (HCOB) will deploy the nCino Bank Operating System® as part of its IT modernisation in the course of its digital transformation.

04/01/2021

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.

04/01/2021

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

03/04/2021

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.

02/19/2021

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.

02/17/2021

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.

02/11/2021

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.

12/17/2020

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.