HSH Nordbank is the bank for entrepreneurs. We are where our clients need us. Of course, that is our home region of Northern Germany, but it extends far beyond: in the west, in the east, in the south and in the centre of the Federal Republic we have offices that ensure direct contact with our clients. At selected locations we also operate outside Germany. But no matter where we are: we not only offer tailored financing solutions for traditional SMEs but also command a leading role in commercial real estate financing in Germany. We are in the premier league when it comes to assisting renewable energy projects in Europe, and infrastructure projects also play an important role for us. And it goes without saying that we retain our links to shipping. But our focus is shifting increasingly to the maritime growth markets of Greece and Asia – where our colleagues are, of course, also on the ground.
Operational strength demonstrated, Efficiency raised, Legacy assets reduced. Buyers secured.
Client business strengthened, legacy assets reduced, structures further improved – in 2017, we took major steps to set the course for the future. And created the conditions for a successful privatisation: On 28 February 2018, the federal state owners of Hamburg and Schleswig Holstein and the four US private equity investors Cerberus Capital Management, J.C. Flowers, GoldenTree Asset Management and Centaurus Capital as well as Austria’s BAWAG-Bank agreed on the sale of HSH Nordbank. We have thus bought ourselves an entry ticket for the future. In previous years, we had already been in constant motion and continued to improve. But we know: to succeed as a private bank in the future we need to pick up further steam – and this is what we want to do.
Aside from the privatisation, we generated further significant successes in 2017: Our new business came to a just over € 8.5 billion, illustrating our good position on the hotly contested German banking market. We were able to sign business worth € 2.3 billion with new customers. This illustrates the appeal of our offerings. At the same time, we continued to massively reduce our legacy assets. The path to new horizons has now been cleared.
We’re there for entrepreneurs. And there. And there. And of course there too.
A new era without legacy assets.
The hard and focused work particularly in our operating business has paid off – and has assured the Bank’s prospects.
New clients convinced
In this challenging market, 120 clients opted for HSH Nordbank for the first time. We signed about € 2.3 billion worth of new business with these clients alone – that illustrates the appeal of our offerings.
A new era ushered in
The Bank is at the beginning of a multi-year transformation. We do not shy away from change because this will be part of our everyday life in future.
Legacy assets sharply reduced
We established the conditions for privatisation by having reduced our legacy assets by more than half. In the wake of the change of ownership, we shall dispose of all non-performing loans from the past.