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Recent Press Releases

February 16, 2024

Preliminary business figures

Hamburg Commercial Bank finances a project development of a commercial and industrial property in Grimma for Hines

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February 15, 2024

Preliminary result 2023: Hamburg Commercial Bank continues strong track record with pre-tax profit of EUR 427 million

Hamburg Commercial Bank AG (HCOB) presented its preliminary figures for the 2023 financial year on Thursday. With net income before taxes of EUR 427 (363) million, up 18% on the previous year, the bank continues its strong track record. The robust pre-tax result was mainly due to a further noticeable increase in operating income, solid new business and stringent cost management. Thanks to high recurring earnings and prudent risk provisioning policy, HCOB clearly surpassed the previous year’s pre-tax result and earnings forecast (around EUR 350 million), and this despite a difficult macroeconomic environment featuring geopolitical uncertainties and challenging developments on the real estate markets in the wake of higher interest rates. HCOB’s capital and liquidity positions remained at a high level.

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February 15, 2024

Ulrik Lackschewitz appointed interim CEO of Hamburg Commercial Bank

The Supervisory Board of Hamburg Commercial Bank (HCOB) appoints Ulrik Lackschewitz as Chief Executive Officer on an interim basis as from April 1, 2024. This was announced by the Supervisory Board of HCOB on Thursday. Ulrik Lackschewitz, currently Chief Risk Officer (CRO) and Deputy Chief Executive Officer (CEO) of HCOB, succeeds Ian Banwell, who, as already communicated, has not extended his contract as CEO beyond March 31, 2024, for personal reasons. In addition, the Supervisory Board has appointed Marc Ziegner, Chief Financial Officer (CFO) of HCOB, as Deputy CEO on an interim basis with effect from April 1, 2024.

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January 29, 2024

Hamburg Commercial Bank finances acquisition of retail property portfolio for Centerscape

Hamburg Commercial Bank AG (HCOB) is providing Centerscape Deutschland GmbH & Co. KG (“Centerscape”) with acquisition financing for a portfolio totalling EUR 30 million.

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Recent Reports

March 1, 2024

The resilience of the US economy

Despite higher interest rates and prices, the US economy is showing astonishing resilience. Government measures, high wage growth and geopolitical influences are playing a key role in this. However, behind the supposed stability lurk potential risks, particularly in the real estate sector and the upcoming elections.

Wochenbarometer (german) ( PDF, 807 kB )

February 22, 2024

The resilience of the US economy

Despite higher interest rates and prices, the US economy is showing astonishing resilience. Government measures, high wage growth and geopolitical influences are playing a key role in this. However, behind the supposed stability lurk potential risks, particularly in the real estate sector and the upcoming elections.

Wochenbarometer (german) ( PDF, 807 kB )

February 15, 2024

The resilience of the US economy

Despite higher interest rates and prices, the US economy is showing astonishing resilience. Government measures, high wage growth and geopolitical influences are playing a key role in this. However, behind the supposed stability lurk potential risks, particularly in the real estate sector and the upcoming elections.

Wochenbarometer (german) ( PDF, 807 kB )

February 8, 2024

Regulating the industrial electricity price? Do so.

Industry lobbies for a regulated industrial electricity price, and in rare unity the unions are also in favor of such a measure. In fact there are many arguments in favor of this demand.

Wochenbarometer (german) ( PDF, 819 kB )
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