Press releases

05/23/2019

HCOB facilitates building of the first sustainable shrimp aquafarm in Hamburg

Hamburg Commercial Bank’s M&A team has successfully and exclusively advised the Colossal Fish GmbH project company on raising capital for the first sustainable shrimp aquafarm in Hamburg: As soon as this summer, HanseGarnelen AG will start building its plant in the Port of Hamburg on a site opposite the Elbphilharmonie concert venue.

05/16/2019

Hamburg Commercial Bank makes capital market debut with senior preferred bond

Hamburg Commercial Bank makes its debut on the bond market: the bank issued its first senior preferred bond today. The volume is € 500 million with a tenor of three years.

05/16/2019

Hamburg Commercial Bank advises ABC Westland exclusively on sale of its business

Hamburg Commercial Bank’s M&A team has advised the owners of ABC Westland on the sale of its entire shares and assets to real estate investor Hines. ABC Westland is one of the leading logistics parks (117,000 m²) for agricultural produce and food in Westland, Netherlands, the largest vegetable growing area in Europe.

05/09/2019

Hamburg Commercial Bank offers its customers digital solution for onboarding and KYC

As part of its comprehensive digitalisation initiative Hamburg Commercial Bank is, as of now, launching the first of its many focus projects: The Bank’s new and existing customers will benefit from a digital solution which accelerates the know-your-customer (KYC) process by up to 70%.

04/01/2019

New appointments to Management Board of Hamburg Commercial Bank

The Supervisory Board of Hamburg Commercial Bank (HCOB) appointed two new members to the Management Board. Ian Banwell (55) takes on the role of Chief Operating Officer (COO) and starts today.

03/28/2019

Solid 2018 financial year for Hamburg Commercial Bank

Hamburg Commercial Bank AG closed out the 2018 financial year with a positive result, solid new business and strong capital ratios. The Bank furthermore successfully completed its privatization, reduced its costs significantly and almost entirely shed its legacy assets. Hamburg Commercial Bank is thereby at the beginning of a profound multi-year transformation, for which key parameters were already set in 2018.

03/07/2019

Hamburg Commercial Bank financing expansion of broadband network in Austria

Hamburg Commercial Bank will provide the Austrian broadband company Infotech with a loan in the amount of € 30 million for a rollout of an FTTH-Network (fiber to the home).

02/21/2019

2018 preliminary figures (IFRS): Hamburg Commercial Bank shows solid new business and strong capital ratio

Hamburg Commercial Bank AG closed the 2018 financial year with net income before taxes of € 97 (-453) million, according to preliminary figures.

02/13/2019

Hamburg Commercial Bank driving optic fibre expansion in Spain forward

Hamburg Commercial Bank is making available EUR 30 million in project finance to Spain’s leading private broadband network operator ADAMO as mandated lead arranger and structuring bank to drive a further expansion to 1.14 million household connections.

02/04/2019

New name - Hamburg Commercial Bank starts brand roll-out

The renaming of HSH Nordbank as the private commercial bank Hamburg Commercial Bank was formally completed with today’s entry in the commercial registers of Hamburg and Kiel.