Hamburg Commercial Bank finances refurbishment of
Hamburg Commercial Bank (HCOB) finances the refurbishment of the OFFICE CAMPUS STUTTGART and provides it’s refinancing in a consortium to a real estate fund managed by J. P. Morgan Asset Management.
Hamburg Commercial Bank joins the
Hamburg Commercial Bank (HCOB) joins the Responsible Ship Recycling Standards (RSRS) initiative.
HCOB finances modern fuel and ethanol tank farm for GPS Group in the port of Amsterdam
Hamburg Commercial Bank (HCOB) provides project financing to GPS Group, a growing developer and independent operator of fuel and chemical tank facilities, for the port of Amsterdam tank terminal and its further expansion.
Hamburg Commercial Bank with first Senior Non Preferred Bond on the capital market
Hamburg Commercial Bank (HCOB) issued its inaugural public Senior Non Preferred Bond on Thursday, attracting substantial interest from European institutional investors.
Hamburg Commercial Bank has become Signatory of UN Principles for Responsible Banking
Hamburg Commercial Bank (HCOB) has signed the United Nations Principles for Responsible Banking (PRB) – a single framework for a sustainable banking industry developed jointly by banks worldwide and the United Nations Environment’s Finance Initiative (UNEP FI).
Announcement of the supervisory board
At a meeting on 26 August 2020, the Supervisory Board at Hamburg Commercial AG agreed to grant the request made by Management Board Member Oliver Gatzke (CFO and CTO) to leave his post, effective as of 31 August 2020. Mr Gatzke leaves the Board on the best of terms.
HCOB at half year with solid result, strong capital position and success in transformation
Hamburg Commercial Bank AG (HCOB) generated a net income before taxes of EUR 71 (prior-year period: 96) million in the first half year and has further expanded its already very solid capital ratio to 21.7% (31/12/2019: 18.5).
Head of Communications at Hamburg Commercial Bank switches to consulting role
Hamburg Commercial Bank AG (HCOB) continues to streamline its structure as part of its multi-year transformation.
HCOB with strong capital position and positive result in 2019, its first year of transformation
For Hamburg Commercial Bank AG (HCOB), 2019 was a year marked by its successful, multi-year transformation into a well-capitalized and profitable bank that, as a provider of specialized finance with strict return and income targets, generated a satisfactory result in a tough economic setting.
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.