Inka Klinger, Co-Head of Project Finance

Luke Isherwood, Co-Head of Project Finance Special Situations

"HCOB has been one of the early-movers in renewable energy finance and has a strong track record in infrastructure. 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

2024
2023
Total Income
107
102
Loan loss provisions
-1
37
OpEx & regulatory costs
-47
-52
Net income after taxes
47
69
NIM in bps
268
262
Risk costs (loan loss prov.– %)2
-0.01
1.08
CIR in %
43
47
RoE3 in %
14.4
22.2
Gross new business in bn €
1.2
1.0

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

Energy

Infrastructure

Invest-ment Grade

0.5
0.7
0.3
0.1

6-9

0.4
0.9
0.3
0.8

10-15

0.9
0.5
0.2
0.6

Default

0.2
0.0
0.2
0.4
See portfolio details