“HCOB has been one of the pioneers in renewable energy finance and has a strong track record in infrastructure. We are well positioned to leverage the opportunities that will arise in these more important than ever sectors.”

Inka Klinger, Department Head

Project Finance

■ Focused on financing attractive infrastructure and renewables projects in Western, Northern and Southern Europe ■ Leader in digital infrastructure with strong, early-mover track record ■ Strong ESG footprint with renewable energy portfolio & capabilities ■ Broad client base in chosen segments with proprietary access to deal flow (developers, PE/ infrastructure funds, manufacturers, contractors, utilities & independent power producers)

Financials1

in € mn

H1 2023
H1 2022
Total Income
45
30
Risk costs (expected loss)²
-4
-3
OpEx & regulatory costs
-23
-15
Net income after taxes
14
9
NIM in bps
237
160
Risk costs (expected loss - %)³
-0.22
-0.17
CIR in %
48
42
RoE4 in %
9.4
6.4
Gross new business in bn €
0.6
0.5

1) For further details on P&L please refer to the Segment Reporting in the appendix | 2) Expected loss based on PD/LGD approach, for loan loss provisions according to IFRS (P&L, B/S) please refer to the Segment Reporting | 3) Risk Costs (expected loss / b/s) | 4) RoE after taxes based on a 13%-ratio of invested CET1 capital as reported

Rating

distribution in %

H1 2023

YE 2022

Investment Grade

0.6
0.1

6-9

0.5
0.5

10-15

0.7
0.2

Default

0.2
0.2
See portfolio details