2024 Major Milestones
Jan
EUR 500 m. 2Y Ship Pfandbrief Issuance --- Issuance of Ship Pfandbrief € 500m benchmark (8x oversubscribed diversified book).
Feb
CRO Ulrik Lackschewitz appointed interim CEO --- The HCOB Supervisory Board appoints CRO Ulrik Lackschewitz as Chief Executive Officer on an interim basis from 1 April 2024.
Mar
FY 2023 with pre-tax profit of EUR 427 m. --- HCOB ends financial year 2023 with a pre-tax profit of EUR 427 million.
Apr
EUR 500 m. 5Y Senior Preferred Issuance --- HCOB successfully places a senior preferred bond with a volume of EUR 500 million and a coupon of 4.75 % on the capital market.
May
Chat Leat is elected Chairman of the Supervisory Board --- Chad Leat is elected Chairman of the Supervisory Board with effect from 30 May 2024. HCOB presents its homepage with a new design and is now represented on Raisin's internet-based WeltSparen platform in order to further diversify its funding mix.
Jun
Acquisition EUR 0.9 bn. Shipping Portfolio --- HCOB strengthens its shipping business by acquiring a USD 992 million shipping loan portfolio from Dutch NIBC and expands its franchise in the European market.
Jul
EUR 500 m. 4Y Senior Non-Preferred Issuance --- HCOB places a senior non-preferred bond with a volume of EUR 500 million and a coupon of 4.5% on the capital market, continuing its regular issuing activities.
Aug
Half year results published --- HCOB presents its business figures for the first half of 2024 and reports earnings before taxes of EUR 129 million (same period of the previous year: EUR 230 million). Good performance in the customer business and strict cost management contribute to the result.
Sep
Luc Popelier becomes new CEO --- Luc Popelier becomes new Chief Executive Officer. CRO Ulrik Lackschewitz resumes his position as Deputy CEO.
Oct
Partial retirement introduced --- HCOB introduces the instrument of partial retirement in Germany to allow employees a flexible transition to retirement and at the same time promote knowledge transfer within the teams.
Nov
Launch of two-year talent development program --- HCOB introduces a two-year talent development program that promotes employees with leadership potential or for a higher expert career. The program aims to strengthen bank-specific and personal skills and promote crossdivisional networking.
Dec
