HSH Nordbank

Hamburg Commercial Bank driving optic fibre expansion in Spain forward

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...

http://www.allaboutshipping.co.uk/2019/02/13/hamburg-commercial-bank-driving-optic-fibre-expansion-in-spain-forward/

HSH to finance wind farm Linda in Saxony-Anhalt for the ERG Group

Lars Quandel

HAMBURG/KIEL HSH Nordbank will provide the ERG Group with long-term project finance amounting to € 24 million for construction and operation of the Linda wind farm located near Elster in the German state of Saxony-Anhalt. The farm with six GE 3.6/137 wind turbines will go into operation in the first half of 2019 and generate a total output of 21.6 megawatts (MW). The project was awarded following the tender in May 2018 and will, on that basis, receive a rate of return fixed for 20...

http://www.allaboutshipping.co.uk/2019/01/03/hsh-to-finance-wind-farm-linda-in-saxony-anhalt-for-the-erg-group/

Nicolas Blanchard appointed new Chief Clients and Products Officer (CCO)

CCO Nicolas Blanchard

HAMBURG/KIEL – The Supervisory Board of HSH Nordbank has appointed Nicolas Blanchard (50) as a new Management Board member. He takes on the role of Chief Clients and Products Officer with immediate effect. Torsten Temp (58), the longstanding Board member for Markets, will resign his position as of the end of the year and, by amicable agreement, leave the Bank upon expiry of his contract in April 2019. Furthermore, all other Management Board members were confirmed in their...

http://www.allaboutshipping.co.uk/2018/12/10/nicolas-blanchard-appointed-new-chief-clients-and-products-officer-cco/

HSH Nordbank: Privatisation marks nine-month results

Stefan Ermisch

  • Nine-month Group net income before taxes of € 8 (previous year: 201) million
  • Guarantee brings negative impact of € -188 million – including cash settlement for early termination
  • Administrative expenses reduced by 13% to € -319 million
  • CET1-ratio consolidated at a good level at 16.1% (31 Dec. 2017: pro forma 15.4%)
  • Total assets condensed to € 61.3 (31 Dec. 2017: 70.4) billion Leverage ratio very high at 8.1% – solid balance-sheet structure

HAMBURG/KIEL – In the third quarter HSH...

http://www.allaboutshipping.co.uk/2018/11/16/hsh-nordbank-privatisation-marks-nine-month-results/

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