HSH Nordbank with Group pre-tax profit of € 128 million in the 1st quarter
HSH Nordbank has had a successful start to the current financial year in operating terms, generating a pre-tax profit of € 128 million in the first quarter of 2017 (previous-year period: € -36 million). This good result is in line with the Bank’s internal planning and is based on an intensive drive for new business, reduced legacy portfolios and successful savings on the cost side.
HSH Nordbank participated as MLA in the acquisition financing for Beacon Rail
HSH Nordbank is participating as a Mandated Lead Arranger in provid-ing the acquisition financing for Beacon Rail, the leading European rolling stock leasing company, making available a loan of € 87 million. The total amount of financing in the context of an M&A process is € 854 million. HSH Nordbank participated in the acquisition financing’s EUR Equivalent 624m senior bank debt together with ING, BAML, DVB, CACIB, KfW and ABN AMRO, alongside with several institutional investors, who provided EUR Equivalent 230m private notes.
Strong rise in Core Bank’s results is basis for Group pre-tax profit of € 121 million
Encouraging performance in the client business, consistent savings and further wind-down of legacy assets contributed to pre-tax profit of € 121 (450) million for the HSH Nordbank Group in 2016. As expected, this was below the previous year’s very high figure, which benefited from one-off effects.
HSH relieved by about €1.64 billion – 1st part of the NPE market portfolio sold
HSH Nordbank has taken a further step along the road to a change of ownership and has again eased the pressure on its balance sheet by divesting an extensive portfolio of legacy assets totalling EUR 1.64 billion. At the same time, it forged ahead with the sale of further non-performing legacy loans from the years up to 2009.
HSHNordbank preparing for change of ownership – net profit € 163 million after nine months
In the first nine months of the year HSH Nordbank continued to reduce its legacy assets while setting aside substantially higher provisions for its shipping loans. At the same time, it earned EUR 163 (pre-year period: 24) million and improved its capital ratios.
HSH Nordbank arranges new charter for six Hanjin ships ─ Maersk new operator
HSH Nordbank is arranging a new long-term charter for six container ships of the insolvent South Korean shipping company Hanjin Shipping Co. In future, the world’s largest container shipping company, Maersk Line, will operate these ships. This demonstrates Maersk Line’s continuous effort to optimise its fleet with flexible and energy-efficient vessels. HSH Nordbank launched the transaction as a syndicate leader.
HSH Nordbank with increased half-year profit – Strong capital ratio and cost discipline
After a muted start to the year, HSH Nordbank substantially increased its profit for the first half of the year. This was particularly underpinned by real estate and corporate client business, a swifter reduction of legacy assets in the shipping business and the systematic cost-cutting course.
HSH Nordbank finances office complex in Stuttgart for a J. P. Morgan fund
HSH Nordbank will provide a real estate fund managed by J. P. Morgan Asset Management with a high, double-digit million amount over five years for the purchase of an office complex.
HSH Nordbank provides refinancing for Akiem, a leading locomotive lessor in Europe
HSH Nordbank is participating as a Mandated Lead Arranger in providing refinancing for Akiem, the leading European locomotive leasing company, making available a loan of € 125 million.
HSH offloads shipping NPLs totalling billions – currency exposure decreases
HSH Nordbank transferred a portfolio of non-performing loans from ship financing with a volume of EUR 5 billion (as at 31 December 2015) to hsh portfolio-management AöR of majority owners Hamburg and Schleswig-Holstein effective 30 June 2016, as planned.
HSH Nordbank increases 2015 profit – Figures marked by EU decision
HSH Nordbank maintained its uptrend of the previous year and, during a year of upheaval, again made evident progress in 2015 on its way to more stability and sustained profitability.
New CEO for HSH Nordbank – Stefan Ermisch becomes Chairman of the Management Board
One week after the EU Commission’s official decision on the Bank’s future, the Supervisory Board set the course for new management of HSH.
EU Commission concludes HSH Nordbank’s state aid proceedings
The European Commission has concluded its state aid proceedings for HSH Nordbank. A resolution in this regard was adopted by the members of the Commission today.
HSH Nordbank issues significantly oversubscribed mortgage Pfandbrief
HSH Nordbank has taken advantage of the currently favourable market to refinance with a large-scale capital market transaction. The Bank has issued a mortgage Pfandbrief with a seven-year term and a volume of € 500 million.
HSH Nordbank finances its first solar project in Denmark
HSH Nordbank has completed its first PV project financing in Denmark: The bank provided long-term financing in the amount of EUR 64.5 million to European Energy A/S and partner for the solar park “Vandel”.