Jan-Philipp Rohr, Head of Shipping
Richard Moody, Head of Aviation
“The new Global Transportation segment comprises Ship and Aviation financing, with the latter being a diversifying addition to HCOB’s portfolio. The portfolio acquisition in Shipping has expanded and strengthened this franchise. In Aviation, it was our first full year of operation with US$ 440mn financings in 8 transactions.”

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 ■ In Global Aviation, we pursue a holistic approach to finance the broader industry including supporting airlines, lessors, OEMs, maintenance facilities, flight training and specialist aviation and aerospace businesses with bespoke client centric structured financing solutions

Financials1

in € mn

2024
2023
Total Income
161
180
Loan loss provisions
-3
11
OpEx & regulatory costs
-78
-89
Net income after taxes
64
81
NIM in bps
499
560
Risk costs (loan loss prov.– %)2
-0.11
0.39
CIR in %
48
47
RoE3 in %
18.5
22.9
Gross new business in bn €
1.8
1.3

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 13%-ratio of invested CET1 capital as reported

Rating

distribution in %

2024

2023

Investment Grade

0.8
0.0

6-9

0.0
0.3

10-15

0.2
0.8

Default

0.0
0.0
See portfolio details