Hamburg Commercial Bank posts 2020 pre-tax profit of € 257 million and strong capital ratio
- 2020: Net income before taxes EUR 257 (previous year: 77) million and after taxes (Group net result) EUR 102 (12) million
- Excellent CET1 capital ratio of 27.0% (31/12/2019: 18.5%)
- Strong start to 2021: HCOB expects Group net result after taxes of around EUR 40 million for first quarter
- CEO Ermisch: “Transformation well advanced – 2020 financial results and stronger results trend than...