“Having a clear view on the risk-return profile of our client relationships and transactions is key – and this understanding is also at the core of our prudent international expansion, which supports our diversification strategy.”

Jens Thiele, Head of Business Unit

Corporates

■ Diversifying corporate strategies by German and International Corporates ■ Focus on lending clients in Northern German region with service & expertise approach ■ Large portion of clients in Germany are family-owned companies with typically long-standing HCOB relationships ■ Diversified international approach with wide range of credit products, countries & sectors ■ Highly skilled, lean and transaction-focused team with broad network to identify and capture market opportunities quickly in International Corporates ■ Active lending partner to enablers of the energy transition, i.e. European companies that produce or operate technical solutions which enable end-users to reduce their carbon footprint

Financials1

in € mn

2023
2022
Total Income
186
137
Loan loss provisions
38
-11
OpEx & regulatory costs
-95
-58
Net income after taxes
102
54
NIM in bps
361
306
Risk Costs (loan loss prov. -%)²
0.73
-0.28
CIR in %
47
38
RoE3 in %
17.0
11.1
Gross new business in bn €
2.3
1.7

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

Corporates Portfolio

See rating details