HAMBURG/GERMANY – Hamburg Commercial Bank AG (HCOB) presented its preliminary financial figures for the 2024 financial year on...
Hamburg Commercial Bank (HCOB) is expanding its shipping business by acquiring a US$992 million portfolio of shipping loans from Dutch bank NIBC. With this transaction, HCOB is diversifying its shipping portfolio while expanding its franchise in the European market. The portfolio was acquired...
Preliminary results for 2021: Hamburg Commercial Bank completes transformation with strong Group net result
HAMBURG – Hamburg Commercial Bank (HCOB) presented its...
Strong half-year: Hamburg Commercial Bank with Group net profit of EUR 194 million
HAMBURG – Hamburg...
Hamburg Commercial Bank provides syndicated loan for Swedish Alektum Group
HAMBURG – Hamburg Commercial Bank (HCOB), together with two Scandinavian banks, is providing a multicurrency revolving credit facility (RCF) of EUR 200 million to the Swedish Alektum Group AB. The three syndicate banks, acting as mandated lead arrangers, are each participating in one third of the three-year financing. The credit facility will be used to repay existing debt and support the Group’s growth path.
Alektum Group...
CEO Stefan Ermisch
Solid 2018 financial year for Hamburg Commercial Bank
– Group net result before taxes of € 97 (-453) million
– CET1 ratio improved further to 18.5 (15.4)%
– Administrative expenses lowered by 16%
– CEO Ermisch: “Driving transformation forward; becoming profitable”
Hamburg – Hamburg Commercial Bank AG closed out the 2018 financial year with a positive result, solid new business and strong capital ratios. The Bank furthermore successfully completed its privatization, reduced its...
http://www.allaboutshipping.co.uk/2019/03/28/solid-2018-financial-year-for-hamburg-commercial-bank/
Marcus Kleiner
Hamburg Commercial Bank financing expansion of broadband network in Austria
Hamburg – Hamburg Commercial Bank will provide the Austrian broadband company Infotech with a loan in the amount of € 30 million for a rollout of an FTTH-Network (fiber to the home).
This is the first project finance scheme for a broadband and fiber optic project in Austria. The objective of the project ‘Cybercity’ is to supply permanent broadband to a total of more than 30 communities in the Innviertel...
Marcus Kleiner
Hamburg/Kiel – Hamburg Commercial Bank is making available EUR 30 million in project finance to Spain’s leading private broadband network operator ADAMO as mandated lead arranger and structuring bank to drive a further expansion to 1.14 million household connections. The project is due to be completed by the end of 2021. The other participants in the club deal with a total investment volume of EUR 100 million are ING and Santander.
Following the financing of Uffinet last year, this...