Hamburg Commercial Bank further diversified its portfolio in view of the macroeconomic environment, which is fraught with uncertainty, and concluded gross new business totaling €5.6 billion in 2022, compared with €5.4 billion in the previous year. The bank’s business approach is aligned to clear risk/return criteria and aims to progressively optimize asset allocation as well as profitability. This is evidenced, among other things, by the increase in net interest margin from 145 to 168 basis points.