“Having a clear vision will help to navigate the new environ­ment together with our clients.”

Jan-Philipp Rohr, Head of Business Unit

Shipping

■ HCOB is a leading player in global ship financing with a focus on second-hand ships with superior risk/return dynamics ■ Mix of asset-backed and corporate financings with a well-diversified portfolio of containers, bulkers and tankers ■ Participating in ESG transition financing to achieve net-zero requirements ■ Long relationships with high quality clients in Germany and Greece deliver privileged access to consistent deal flow ■ Well-established business model focused on short durations & high collateral ship financings to reduce risks and quickly react to changing markets

Financials1

in € mn

H1 2023
H1 2022
Total Income
87
82
Risk costs (expected loss)²
-2
-3
OpEx & regulatory costs
-44
-35
Net income after taxes
32
35
NIM in bps
499
349
Risk costs (expected loss - %)³
-0.15
-0.16
CIR in %
48
39
RoE4 in %
17.2
18.2
Gross new business in bn €
0.7
0.6

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

0.5
0.8

6-9

0.1
0.0

10-15

0.2
0.2

Default

0.3
0.0
See portfolio details