Transaction comprises USD 992 million of performing shipping loans, strengthening HCOB’s client base and shipping franchise
Former NIBC Shipping experts will join HCOB as part of a new representative office in the Netherlands
Bank’s first major portfolio acquisition
Hamburg Commercial Bank (HCOB) is strengthening its shipping business by acquiring an USD 992 million portfolio of shipping loans from Dutch bank NIBC. With this transaction, HCOB is diversifying its shipping portfolio while expanding its franchise in the European market. The portfolio was acquired through a multi-stage competitive bidding process. As well as acquiring the loans, HCOB will take over a team of experienced
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