Hamburg Commercial Bank finances project development for senior living in Hamburg’s HafenCity
Hamburg Commercial Bank (HCOB) is providing funds to a joint venture between Garbe Immobilien-Projekte GmbH and TERRAGON AG for the project development of 186 premium apartments for senior citizens in Hamburg's HafenCity. The investment amount is in the low three-digit million euro range. The parties have agreed not to disclose the financing amount.
Hamburg Commercial Bank finances fiber optic expansion in Baden-Württemberg for Primevest Capital Partners
Hamburg Commercial Bank (HCOB) provides a long-term financing of EUR 27.5 million to the Communication Infrastructure fund of Primevest Capital Partners (Primevest CP) for the expansion of fiber-optic infrastructure in the Rhine-Neckar. The investment loan is supported under the German government's KfW “Digital Infrastructure” program and has a term of ten years.
Hamburg Commercial Bank switches to BdB’s voluntary Deposit Protection Fund
Hamburg Commercial Bank (HCOB) will become a member of the voluntary Deposit Protection Fund of the Association of German Banks (BdB) on 1 January 2022. The BdB Management Board’s decision on admission was announced today. HCOB’s membership in the Institutional Protection Scheme of the German Savings Banks Finance Group (Sparkassen-Finanzgruppe, SFG) will end as planned at the end of this year. The seamless transition of Hamburg Commercial Bank from the Institutional Protection Scheme of SFG to the Deposit Protection Scheme of private banks will thus be completed as envisaged at the turn of the year.
Hamburg Commercial Bank issues a Mortgage Covered Bond
Hamburg Commercial Bank (HCOB) issued its first Mortgage Covered Bond on Tuesday, October 26th, attracting strong interest from national and international investors. The Mortgage Covered Bond has a 7-year maturity.
Hamburg Commercial Bank provides USD 180 million financing to MPC Containerships ASA
Hamburg Commercial Bank (HCOB) has provided listed MPC Containerships ASA with financing totalling 180 million US dollars, with a term of five years. The credit facility consists of a term loan of 130 million US dollars and a revolving credit facility for a further 50 million US dollars.
Hamburg Commercial Bank issues senior non-preferred benchmark bond
Hamburg Commercial Bank (HCOB) issued its second benchmark bond in the current year on Tuesday, attracting strong interest from international investors. The benchmark bond has a 5-year maturity with a call option after four years.
Strong half-year: Hamburg Commercial Bank with Group net profit of EUR 194 million
Hamburg Commercial Bank AG (HCOB) presented its figures for the first half of 2021 on Thursday, reporting a good and better-than-expected Group net result (after taxes) of EUR 194 million (prior-year period: EUR 4 million). The bank’s operating business developed particularly well amid steadily rising net interest margins and continued success in reducing costs. Thanks to its prudent business policies, the bank maintained its solid credit quality, even in a market environment still dominated by the pandemic, and built upon its already excellent capital position.
Hamburg Commercial Bank among the best-capitalized European banks in ECB stress test
Hamburg Commercial Bank (HCOB) participated in this year’s stress test by the European Central Bank (ECB) and ranks among the best-capitalized and therefore most resilient banks in a Europe-wide comparison.
Hamburg Commercial Bank provides syndicated loan for Swedish Alektum Group
Hamburg Commercial Bank (HCOB), together with two Scandinavian banks, is providing a multicurrency revolving credit facility (RCF) of EUR 200 million to the Swedish Alektum Group AB. The three syndicate banks, acting as mandated lead arrangers, are each participating in one third of the three-year financing. The credit facility will be used to repay existing debt and support the Group's growth path.
Hamburg Commercial Bank has officially joined the ‘Partnership for Carbon Accounting Financials’
Hamburg Commercial Bank (HCOB) has officially joined the ‘Partnership for Carbon Accounting Financials’ (PCAF), a global industry-led initiative for standardized measurements and disclosures of greenhouse gas emissions for the financial sector.
Hamburg Commercial Bank supports charitable organizations in northern Germany
The disruptions to social and economic life caused by the COVID-19 pandemic continue. Often, the people who suffer the most are those whose plight is barely noticed or those who rely on help in their daily lives. This makes the solidarity and support of all those willing and able to help all the more crucial. Therefore, for the second time since the onset of the crisis, Hamburg Commercial Bank is providing a comprehensive donation package to a number of charitable organizations in northern Germany.
Hamburg Commercial Bank finances
Hamburg Commercial Bank (HCOB) is providing financing of EUR 100 million to a 50/50 joint venture of Cain International's European Real Estate Opportunity Fund I and FREO Group. The funding for the JV is intended to realize an office development project in southern Germany.
Hamburg Commercial Bank renews partnership with Hamburg European Open
Hamburg Commercial Bank (HCOB) is once again sponsor of the Hamburg European Open. This year, in addition to the traditional men's tournament (12 to 18 July), Hamburg will also host a women's tournament for the first time in 19 years. The stars of the WTA Tour will be back at Rothenbaum from 7 to 11 July. HCOB will be one of the key partners supporting both world-class tennis events.
Hamburg Commercial Bank finances largest open fibre network in Portugal
Hamburg Commercial Bank (HCOB) has closed one of the most important infrastructure transactions in fibre roll-out on the Iberian Peninsula. Being mandated by its long-standing client dstelecom, the Hamburg-based bank structured the expansion financing, which will be Portugal's leading private open-access fibre-optic network operator capable of providing a total of one million connections.
Hamburg Commercial Bank Selects nCino’s Best-in-Class Technology
nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that Hamburg Commercial Bank (HCOB) will deploy the nCino Bank Operating System® as part of its IT modernisation in the course of its digital transformation.