Term deposit 35Plus
Your money has simply earned more
Participate in money market interest rates that are reset daily
August 18, 2022
Half-year results 2022
August 18, 2022
HAMBURG – In its meeting on 17 August 2022, the Supervisory Board of Hamburg Commercial Bank AG (HCOB) acknowledged with approval the request of Stefan Ermisch (56), Chief Execu-tive Officer (CEO), not to extend his contract expiring at the end of 2023. Stefan Ermisch will remain Chairman of the Management Board and CEO of HCOB until 30 September 2022.
May 19, 2022
HAMBURG – Hamburg Commercial Bank (HCOB) successfully placed a ship Pfandbrief with a total volume of €500 million on the capital market on Wednesday, continuing its regular issuance activities.
April 7, 2022
Hamburg Commercial Bank (HCOB) presented its final IFRS figures for fiscal year 2021 on Thursday and confirmed its net income before taxes of EUR 299 (previous year: 257) million as well as the other preliminary financial figures from February. The optimized balance sheet structure and the operating business contributed to the good result, as did positive loan loss provisions and noticeable cost reductions. Although the market environment continued to be dominated by the pandemic, the bank closed fiscal 2021 with excellent financial figures. The seamless switch to the Deposit Protection Fund of private banks (Bundesverband deutscher Banken) took place as planned at the end of 2021.
September 22, 2022
It should not fail for the money
The current challenges - climate change, the energy crisis and the war in Ukraine - are difficult to overestimate. In this context, Modern Monetary Theory (MMT) is to be understood primarily in the sense that the state is often much more capable of acting than is often claimed.
September 15, 2022
Ether on its way to becoming a global currency
Ethereum is revolutionized and with it the financial sector.
September 13, 2022
Symbolic quota reduction
OPEC Plus production increased marginally in August compared to the previous month. Since the organization had agreed a few months ago to expand production by 648,000 barrels/day in the month of August, the production gap (difference between agreed and actual production) increased significantly by about 600,000 barrels/day. For the month of October, OPEC Plus countries agreed to cut production by 100,000 barrels/day.
September 9, 2022
The hawks are at the helm
The ECB raised key interest rates by 75 basis points (bp), which was more or less anticipated by the markets. The main refinancing rate now stands at 1.25% and the deposit rate at 0.75%. During the press conference, ECB President Christine Lagarde repeatedly emphasized that the ECB would only stop raising interest rates once it was clear that the 2% inflation target had been reached in mid-term.