Press releases

02/13/2020

2019 preliminary result: HCOB’s transformation bearing fruit

Hamburg Commercial Bank AG (HCOB) has used the first year following its successful privatization for its sustainable realignment and is, based on preliminary calculations for 2019, showing solid financials and a pre-tax profit (IFRS) of € 77 (2018: 97) million. This satisfactory result is due, among other factors, to a consistent focus on new business with adequate margins, significantly lower funding costs and structural progress in reducing costs.

12/19/2019

Hamburg Commercial Bank participates in the refinancing of Ark Data Centre near London

Hamburg Commercial Bank (HCOB) is one of eleven banks to participate in the 450 million pound refinancing for Ark Data Centre in the UK and belongs to the group of four lenders financing the largest portions of the transaction.

10/04/2019

Hamburg Commercial Bank finances acquisition of ‘Jahrhunderthalle’ and conversion into Science Park

HAMBURG - Hamburg Commercial Bank (HCOB) provides Kadans Science Partner, a member of the Oaktree Capital Group, with the funds to purchase the ‘Jahrhunderthalle’ in Aachen and convert the site into a Science Park. The financing sum amounts slightly below EUR 56.7 million, with a term of around five years.

08/29/2019

Hamburg Commercial Bank generates pre-tax profit of € 96m in the first half of 2019

Hamburg Commercial Bank AG (HCOB) generated a satisfactory result in the first half of 2019 and made clear progress in the initial months following privatization on the way towards becoming a successful commercial bank. Resolute portfolio management in its operating business, strict cost discipline as well as significantly better funding after privatization and also income from non-operating activity, contributed to the generally solid result.

08/21/2019

Thomas Jakob to head Hamburg Commercial Bank's corporate client business as of 2020

Hamburg Commercial Bank AG (HCOB) is further strengthening its nationwide corporate client business: Thomas Jakob will be responsible for all corporate banking and advisory activities from January 2020.

07/30/2019

Hamburg Commercial Bank finances purchase of properties in “Kölnisch Quartier”

Hamburg Commercial Bank is providing the Swiss East Guardian Asset Management AG with EUR 95 million for the purchase of two commercial properties in Cologne. The parties have agreed not to disclose the purchase price.

07/24/2019

Hamburg Commercial Bank finances purchase of properties in “Kölnisch Quartier”

Hamburg Commercial Bank is providing the Swiss East Guardian Asset Management AG with EUR 95 million for the purchase of two commercial properties in Cologne. The parties have agreed not to disclose the purchase price.

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.