Jan-Philipp Rohr, Head of Shipping
Richard Moody, Head of Aviation
“The new Global Transportation segment comprises Ship and Aviation financing, with the latter being a diversifying addition to HCOB’s portfolio. The recent portfolio acquisition in Shipping has expanded and strengthened this franchise. With our recently launched Aviation business, we aim to grow with our clients across the broader aviation eco-system.”

Global Transportation

■ 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 ■ In Global Aviation, we pursue a holistic approach to finance the broader industry including supporting airlines, lessors, OEMs, maintenance facilities, flight training and specialist aviation and aerospace businesses with bespoke client centric structured financing solutions

Financials1

in € mn

H1 2024
H1 2023
Total Income
74
87
Loan loss provisions
3
8
OpEx & regulatory costs
-37
-44
Net income after taxes
32
41
NIM in bps
535
500
Risk costs (loan loss prov.– %)2
0.23
0.51
CIR in %
49
48
RoE3 in %
19.8
21.8
Gross new business in bn €
0.7
0.7

1) For further details on P&L please refer to the Segment Reporting | 2) Risk Costs (expected loss / b/s) | 3) RoE after taxes based on a 13%-ratio of invested CET1 capital as reported

Rating

distribution in %

H1 2024

YE 2023

Investment Grade

0.0
0.0

6-9

0.5
0.3

10-15

0.5
0.8

Default

0.0
0.0
See portfolio details