“Strong half-year: Hamburg Commercial Bank with Group net profit of EUR 194 million”

Strong half-year: Hamburg Commercial Bank with Group net profit of EUR 194 million

Stefan Ermisch, CEO of Hamburg Commercial Bank
  • Pre-tax profit at EUR 168 (H1 2020: 71) million
  • Excellent financials in last transformation year: CIR 45%, RoE 19.8%, CET1 ratio 29.6%, Leverage Ratio 13.2%
  • CEO Ermisch: “HY figures clearly exceed expectations – strong foundation for the voluntary deposit protection fund of private banks – HCOB in robust condition”
  • Full-year forecast raised again

HAMBURG – Hamburg...

https://allaboutshipping.co.uk/2021/08/19/strong-half-year-hamburg-commercial-bank-with-group-net-profit-of-eur-194-million/

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