“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

2023
2022
Total Income
180
177
Loan loss provisions
11
18
OpEx & regulatory costs
-89
-83
Net income after taxes
81
88
NIM in bps
560
400
Risk Costs (loan loss prov. -%)²
0.39
0.47
CIR in %
47
44
RoE3 in %
22.9
24.1
Gross new business in bn €
1.3
1.6

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

Shipping Portfolio

See details