Hamburg Commercial Bank

Hamburg Commercial Bank AG
Company typeAktiengesellschaft
IndustryBanking
Founded2018
HeadquartersHamburg, Germany
Key people
Ian Banwell (CEO)[1]
Juan R. Inciarte (Chairman of the Supervisory Board)
Number of employees
1012 FTE globally (30/06/2024)[2]
Websitehttps://www.hcob-bank.de/en/startseite/

Hamburg Commercial Bank (formerly HSH Nordbank) is a commercial bank in northern Europe with headquarters in Hamburg as well as Kiel, Germany. It is active in corporate and private banking. Considered to be the world’s largest provider of maritime finance,[3] its main focus is on shipping, transportation, real estate and renewable energy. The bank is one of the pioneers in the pan-European project financing of renewable energies and is also involved in the expansion of digital infrastructure.

In 2022, the bank won the “World’s Best Bank Transformation” award by Euromoney trade magazine.[4] For the third year in a row, The bank was awarded as "Best Performing Bank" in Germany by The Banker.

The bank changed its name from HSH Nordbank to Hamburg Commercial Bank (HCOB) on February 4, 2019, after the bank was sold to new owners in 2018.[5] HCOB has foreign offices in Athens and other significant operations in Luxembourg and London.

HSH Nordbank, then HCOB has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.[6][7]

  1. ^ https://www.hcob-bank.de/en/media/pressemitteilungen/press-release-13024768/. [bare URL]
  2. ^ https://www.hcob-bank.de/en/media/pressemitteilungen/press-release-13049216/ [bare URL]
  3. ^ Jack Ewing (December 4, 2012), Global Shipping Industry’s Troubles Are Threat for Biggest German Banks New York Times.
  4. ^ "The world's best bank transformation 2022: HCOB – radical change is possible, even in Germany". Euromoney. 2022-07-14. Retrieved 2022-07-27.
  5. ^ AG, Hamburg Commercial Bank. "New name – Hamburg Commercial Bank starts brand roll-out". Hamburg Commercial Bank AG. Archived from the original on 2019-07-29. Retrieved 2019-07-29.
  6. ^ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
  7. ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.