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February 16, 2024
Preliminary business figures
February 15, 2024
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.
read moreFebruary 15, 2024
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.
read moreJanuary 29, 2024
Hamburg Commercial Bank AG (HCOB) is providing Centerscape Deutschland GmbH & Co. KG (“Centerscape”) with acquisition financing for a portfolio totalling EUR 30 million.
read moreMarch 14, 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 )March 8, 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 )March 7, 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 )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 )