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Recent Press Releases

August 18, 2022

Half-year results 2022

First half of 2022: Hamburg Commercial Bank generates group net result of EUR 207 million

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August 18, 2022

Stefan Ermisch resigns as CEO of HCOB as of 30 September 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.

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May 19, 2022

Hamburg Commercial Bank issues ship covered Pfandbrief in benchmark format

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.

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April 7, 2022

Hamburg Commercial Bank completes fiscal year 2021 with strong financial figures

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.

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Recent Reports

December 1, 2022

China: Corona Fatigue

People in China seem exhausted by the government's zero-covid strategy, and their resentment is being vented in protests. So far, the political leadership in Beijing seems to have been willing to stick with the zero-covid strategy for political gain, despite economic and epidemiological concerns. Now, with the protests, societal concerns are added to the existing concerns. This makes the situation a balancing act with poor alternatives.

Marktbericht ( PDF, 547 kB )

November 24, 2022

Climate: the debate is shifting and that is not good

The climate conference in Sharm el-Sheik brought nothing new on the crucial front of climate protection. Yet there are ways in which the global community can be persuaded to act together.

Marktbericht ( PDF, 843 kB )

November 18, 2022

Oil production will decline significantly

In the month of October, OPEC Plus was able to slightly increase its production. At the same time, the production gap (difference between actual production and production quotas) decreased, but this is mainly due to the quota cut of 100,000 barrels/day that was agreed for October a few months ago. A much smaller production deficit should be expected for November due to the latest agreed quota cut of 2m barrels/day. It should not go unmentioned that OPEC Plus is not expected to reduce its production by the 2m barrels/day in November, as many countries (e.g. Russia, Angola, Nigeria, Kazakhstan) are already running a large deficit.

Market report (german) ( PDF, 678 kB )

November 17, 2022

Eight billion people: Demography, wealth and interest rates

It will be difficult to maintain material prosperity in the coming decades. But there are many starting points for dealing with the challenges.

Market report (german) ( PDF, 656 kB )
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