04/01/2015
HSH Nordbank posts profit in 2014 – strong new business and cost discipline
HSH Nordbank returned to profit territory in 2014 as projected, it passed the stress test of the European Central Bank with solid capital ratios and is now, following this earnings turnaround, aiming for structural changes.
read more03/31/2015
HSH Nordbank participated in the refinancing of Alpha Trains
The HSH Nordbank participated as MLA in the senior bank facilities in the Alpha Trains refinancing.
read more02/25/2015
HSH Nordbank to realise further Nautilus deal
HSH Nordbank is making progress in winding down its legacy assets while contributing to a consolidation of the shipping market. In what is the fourth Nautilus deal, the Hamburg based shipping company Ahrenkiel Steamship (“Ahrenkiel”) acquired eight container ships from HSH Nordbank’s credit portfolio. The first four ships have already been handed over to Ahrenkiel.
read more02/25/2015
HSH Nordbank finances second wind farm in Finland
HSH Nordbank has provided project finance for the second wind farm in Finland. The Bank made long-term finance of some EUR 45.2 million available to the second part of the Ylivieska Pajukoski project, consisting of seven Vestas V126 turbines with a hub height of 137 meters and a nominal output of 3.3 MW each.
read more02/24/2015
Asia increasingly important for European shipping sector
Asia continues to gain in importance for the European shipping sector. This is the result of a recent survey conducted by HSH Nordbank, which polled shipping clients primarily from Europe, East and Southeast Asia. According to the survey, it is primarily Asian providers of capital that are increasing their exposure to ship finance. One-third of respondents are already collaborating with Asian banks in financing newbuilds or purchasing second-hand ships. Furthermore, around 16 percent obtain capital primarily from strategic investors in Asia. In addition, 80 percent of those surveyed expect Asian providers of capital to penetrate ship finance - which has traditionally been dominated by European banks - to an even greater extent in future.
read more02/20/2015
HSH Nordbank increases US dollar funding – Transaction worth more than USD 360 million
HSH Nordbank has successfully completed a further large US dollar funding transaction. For the “CASTELLUM ABF” transaction amounting to USD 360 million HSH Nordbank again made use of its asset-based funding platform. The platform was established in 2013 in order to gain efficient access to the foreign currency that is so important for international business. The funding deal set up jointly with the Royal Bank of Scotland runs for 3 1/4 years and is secured by commercial real estate loans from the Core Bank and the internal Restructuring Unit.
read more02/18/2015
Edwin Wartenweiler to leave the Management Board
The CRO of HSH Nordbank AG, Edwin Wartenweiler (56), will not be extending his current contract, which runs until 31 May 2015. Following three successful years on HSH Nordbank’s Management Board, Mr. Wartenweiler is leaving his position at his own request in order to take up new career challenges. The Supervisory Board respects Mr. Wartenweiler’s decision, which it acknowledges with regret.
read more02/04/2015
HSH Nordbank places EUR 500 million benchmark ship covered bond
HSH Nordbank has placed a large-volume ship covered bond for the first time since 2008. The order book of the benchmark ship covered bond with a face value of EUR 500 million was substantially oversubscribed within a short period of time.
read more12/12/2014
HSH Nordbank posts pre-tax profit of € 460 million
In the first nine months of 2014 HSH Nordbank posted a Group net income well in excess of the pre-year figure. The performance in the core areas of business and the substantial reduction of legacy assets underscore the progress made by the Bank in implementing its business model. New business was increased as planned. In addition to this, income from sales of securities and equity holdings as well as a marked decrease in costs had a favourable impact on the result. The principal positive effect came from the capital protection clause, which - following heavy charges resulting from guarantee premi-ums in the previous years - led, as expected, to a partial reversal of the guarantee premiums with an effect on income in the first nine months of 2014. Net income before taxes increased to € 460 million as at 30 September 2014. This equates to an increase of € 555 million compared to the pre-year nine-month result (pre-year period: € -95 million). Net income after taxes improved to € 333 million (pre-year period: € -66 million).
read more11/27/2014
Personnel changes on the Supervisory Board of HSH Nordbank
During their extraordinary general meeting today, the shareholders of HSH Nordbank appointed Dr. Philipp Nimmermann (48) to the Bank’s Supervisory Board. He has been State Secretary in the Schleswig-Holstein Ministry of Finance since 20 October 2014. He takes over this office from his predecessor in the Kiel-based ministry, Mr Thomas Losse-Müller, who has resigned from the Supervisory Board due to his appointment as head of the Schleswig-Holstein state chancellery.
read more11/17/2014
HSH Nordbank refinancing USD 400 million
HSH Nordbank is refinancing USD 400 million, thus strengthening its USD-based lending business.
read more10/26/2014
HSH Nordbank has passed the Europe-wide stress test
HSH Nordbank has passed the joint stress test conducted by the European Central Bank (ECB) and the European Banking Authority (EBA) for system-relevant banks in the euro zone thanks to its solid capital base. In the balance sheet check, the Asset Quality Review (AQR), which formed the basis for the subsequent stress test, the Bank showed strong results. HSH Nordbank's Core Equity Tier 1 capital ratio (CET1) in the AQR of 10.0 percent, plus the 2.3 percent buffer from the capital protection clause, comfortably exceeds the required minimum ratio of 8.0 percent. In the overall stress test result, which based on the AQR assumes a hypothetical extreme scenario in the years 2014-2016, HSH Nordbank's CET1 comes to 6.1 percent. Here the minimum ratio was 5.5 percent. The replenishment of the guarantee from EUR 7 to 10 billion by the federal states of Hamburg and Schleswig-Holstein in summer 2013 made a substantial contribution to this.
read more09/30/2014
Budapest Airport: HSH Nordbank refinancing EUR 100 million
HSH Nordbank is participating in the refinancing of Ferenc Liszt International Airport in Budapest.for EUR 100 million. HSH Nordbank is thus taking on a significant share of the transaction involving a total of around EUR 1.35 billion as part of a syndicate of 14 banks. The refinancing took place in close collaboration with the shareholders led by AviAlliance GmbH and the airport's management. Both local and international banks as well as mezzanine lenders took part in the refinancing. The expertise and experience of HSH Nordbank in European infrastructure and airport finance proved decisive in the structuring of the transaction. HSH Nordbank is a long-standing funding partner of Budapest Airport and acted as one of the main partners providing finance in the transaction.
read more08/29/2014
Pre-tax profit for the first half rose to € 432 million – forecast reaffirmed
HSH Nordbank maintained the positive trend of the first quarter, reporting a solid profit as well as strong capital ratios at the half-year mark. This encouraging performance is based to a major extent on rising income from new business with clients on steady margins, decreasing administrative expenses as well as the expected considerably lower loan loss provisioning than in the previous year. Against the backdrop of this good performance in its operating business, HSH Nordbank reaffirmed its forecast and still projects a profit before and after taxes for the year as a whole.
read more08/07/2014
HSH Nordbank finances two solar park portfolios in the south of France
HSH Nordbank is providing finance to its long-standing client, GP JOULE Group of Reussenkröge, for the two solar park portfolios Aquitaine and Biscaya in the south of France.
read more