Jan-Philipp Rohr, Head of Shipping
Richard Moody, Head of Aviation
"Global Transportation is refocusing on Shipping, a key strenth of the bank in which it has a strong competitive edge based on decades of expertise. The high quality and profitable Aviation portfolio is expected to be sold in Q4-2025, in line with HCOB's exit from non-core businesses.“

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

Financials1

in € mn

H1 2025
H1 2024
Total Income
90
74
Loan loss provisions
-3
3
OpEx & regulatory costs
-46
-37
Net income after taxes
29
32
NIM in bps
425
535
Risk costs (loan loss prov.– %)2
-0.19
0.23
CIR in %
50
49
RoE3 in %
13.2
17.2
Gross new business in bn €
0.9
0.7

1) For further details on P&L please refer to the Segment Reporting 2) Risk Costs (LLP / avg. b/s) 3) RoE after taxes based on a 15%-ratio of invested CET1 capital as reported

Rating

distribution in %


H1 2025

YE 2024

Investment Grade

0.8
0.8

6-9

0.4
0.0

10-15

0.8
0.2

Default

0.0
0.0
See portfolio details