Hans Lötzer, Co-Head of Project Finance

Luke Isherwood, Co-Head of Project Finance Special Situations

``HCOB has a long track record in infrastructure and renewable energy finance, a sector that will benefit from strong European investments over the next years. We are well positioned to leverage the opportunities that will arise in these more important than ever sectors.”

Project Finance

■ Catering for a large & diverse market with significant financings needs. HCOB focusing on attractive niches with portfolio shifting from renewables towards broader infrastructure assets (incl. digital and social infrastructure as well as rail) ■ Mix of traditional Project Finance and shorter-term financings (Equity bridge loans, Letter of credit facilities, Development loans) balanced between originated transactions and participations ■ 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 2025
H1 2024
Total Income
65
50
Loan loss provisions
-1
-4
OpEx & regulatory costs
-29
-23
Net income after taxes
24
18
NIM in bps
276
264
Risk costs (loan loss prov.– %)2
-0.08
-0.20
CIR in %
42
46
RoE3 in %
12.5
9.8
Gross new business in bn €
0.6
0.6

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

Energy

Infrastructure

Invest-ment Grade

0.3
0.5
0.9
0.3

6-9

0.7
0.4
0.3
0.3

10-15

0.3
0.9
0.7
0.2

Default

0.7
0.2
0.1
0.2
See portfolio details