Hamburg Commercial Bank sells € 700 million renewable energy portfolio to UniCredit
HAMBURG – On 16 December 2020, Hamburg Commercial Bank (HCOB) and UniCredit Bank AG (UniCredit) signed an agreement on the sale of a loan portfolio of circa EUR 700 million. With this transaction, HCOB successfully continues its multi-year transformation to a smaller, operationally efficient commercial bank with reduced total assets and risk weighted assets.
The portfolio consists entirely of...