06/04/2007
HSH Nordbank to finance GWB’s purchase
HSH Nordbank AG will finance GWB Immobilien AG’s purchase of the “Königspassage” shopping center in Lübeck. The loan amounts to about EUR 32 million. GWB, based in Siek near Hamburg, was established in 1992 and has been market-listed since October 2006.
read more05/23/2007
HSH Nordbank on Target in First Quarter of 2007
In the first quarter of 2007 HSH Nordbank Group surpassed the previous year’s strong results. This was primarily due to an excellent performance in trading activities and high income from securities transactions. Thanks to a conservative risk policy and the good economic environment, provisions for non-performing loans reached an all-time low. Operating profit after risk provisions is ahead of the prorated target for 2007.
read more05/21/2007
HSH Nordbank blue race: follow the regatta live
the HSH Nordbank blue race, the international, transatlantic regatta from Newport, Rhode Island to Hamburg, sets off on June 16. 24 ocean-going yachts will face the special challenges of this race covering 3600 nautical miles. Participants from the United States, Africa as well as Western and Central Europe are the stars of this sailing event and exemplify its quality.
read more05/14/2007
India’s aviation industry growing at a strong pace
The Indian aviation industry is set to grow at a strong pace in the coming years. According to the current study “Indien hebt ab – indischer Luftverkehrsmarkt im Aufwind” (India takes off – Indian aviation industry on the up) by HSH Nordbank AG, market players anticipate that the number of passengers on domestic routes will increase by some 25 per cent in the coming five years. International passenger volume will grow by around 15 per cent per annum. Aircraft manufacturers are also upbeat about the demand both for flights and for airplanes. “The market still holds considerably potential, with penetration much lower than that of the U.S. and Europe, says HSH Nordbank analyst Claudia Erdmann.
read more04/30/2007
Dirk Jens Nonnenmacher new Chief Financial Officer of HSH Nordbank
Professor Dirk Jens Nonnenmacher (43) is to become Chief Financial Officer and member of the Management Board of HSH Nordbank AG. He will take up his office in the second half of the year.
read more04/26/2007
HSH Nordbank congratulates easyJet on 100th Airbus delivery
HSH Nordbank AG congratulates easyJet on the 100th Airbus delivery. EasyJet today takes delivery of its 100th Airbus A319 aircraft at a special handover ceremony at the Airbus factory in Hamburg.
read more04/17/2007
HSH Nordbank the best provider of ship finance in 2007
HSH Nordbank AG has been declared the year’s best provider of ship finance in the world by the internationally renowned shipping newspaper “Lloyd's List”. The Bank succeeded in convincing the jury on the basis of its successful support for its customers in particularly demanding transactions. As a partner of the shipping industry, HSH Nordbank advises companies, for example, on financing new ships to be built, purchasing ships or acquiring companies.
read more03/29/2007
HSV to hold its future matches in the HSH Nordbank Arena
The deal which will see the first name change for a Bundesliga stadium has now been signed and sealed. At the start of the coming football season, HSV will host its matches at the HSH Nordbank Arena. In addition to the naming rights for the club’s home stadium, the new partnership includes a whole array of communications measures – from stadium advertising and advertising on all the direction signposts in and around the arena to PR campaigns involving the players. The official naming ceremony for the HSH Nordbank Arena will be held in July amidst a spectacular fan festival. HSH Nordbank has also signed up as a new partner for the “The Hamburg Way” sponsoring initiative.
read more03/19/2007
Management Change
Frank-Rainer Roth (47) is to become “Generalbevollmächtigter” of HSH Nordbank AG. As such, he is expected to take over the duties of Chief Operating Officer during the second half of the year. Last Friday, the Supervisory Board in addition issued a declaration stating its intention to appoint Mr. Roth to the Management Board after an expected job-familiarization period of twelve months.
read more03/13/2007
Change in personnel
Claudio Lagemann (48) will become Global Head of HSH Nordbank AG's Real Estate Division effective April 1, 2007.
read more03/12/2007
HSH Nordbank finances Gecina's Défense Ouest office project in Paris with EUR 220 million.
HSH Nordbank is providing the finance as lead arranger, amounting to EUR 220 million, for the French real estate company Gecina SA to acquire the Défense Ouest real estate project. Gecina, in which the Spanish real estate group Metrovacesa SA has a majority holding, is France’s largest listed real estate company with property assets of about EUR 11 billion.
read more02/27/2007
HSH Nordbank achieves targets for 2006
According to its preliminary figures for 2006, HSH Nordbank has once again exceeded the good result achieved in the previous year. The pre-tax return on equity reached 15.0% – an increase of 0.9 percentage points on the 2005 figure. Operating income improved by 2.5% to just under EUR 2.2 billion, with net commission income increasing by an impressive 35%. In spite of the expansion of business and a deliberately conservative risk provisioning policy, loan loss provisions remained at the previous year’s level. Net income rose 15% to EUR 460 million.
read more02/27/2007
HSH Nordbank reported strong gains in its corporates business
HSH Nordbank AG continues on its profitable growth course in the corporate-customer business. On the basis of the figures reported for the 2006 fiscal year, operating profit after risk provisions improved substantially to EUR 399 million (previous year: EUR 261 million). The increase in net interest income to EUR 365 million (previous year: EUR 357 million) benefited from a perceptible rise in capital spending. The growth in net commission income to EUR 181 million (previous year: EUR 127 million) was attributable to strong demand for structured finance in Germany and in Northern Europe. Operating earnings were additionally boosted by the sale of an equity holding, which resulted in a positive risk provisions/evaluation item. The pre-tax return on equity improved from 24.4 percent to 32.5 percent.
read more02/27/2007
HSH Nordbank steers a clear course in the shipping business
In 2006, HSH Nordbank generated an operating profit after risk provisions of EUR 248 million in the shipping business (previous year EUR 261 million). Despite sustained pressure on margins, net interest income increased to EUR 297 million (previous year: EUR 290 million). Net commission income came to EUR 98 million and thus matched the previous year's good result thanks to a number of major transactions. Risk provisions were increased, but they are still at a low level. The pre-tax return on equity came to 17.5 percent (previous year 20.1 percent).
read more02/27/2007
HSH Nordbank's Real Estate division records higher earnings in 2006
In 2006, HSH Nordbank’s Real Estate division raised its operating profit after risk provisioning by 12 percent to EUR 260 million year on year. Combined net interest income and net commission income increased to EUR 478 million (previous year EUR 470 million). Net interest income grew from EUR 337 million to EUR 340 million, while net commission income was up from EUR 133 million to EUR 138 million. The pre-tax return on equity came to 19.6 percent (previous year: 21.3 percent).
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