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Stefan Ermisch
HSH Nordbank has had a successful start to the current financial year, generating a pre-tax profit of € 234 million in the first quarter of 2015 (pre-year period:
€ 355 million). The Bank thereby continued the positive trend following the earnings turnaround in the previous year and recorded a substantial increase in operating income in its Real Estate and Energy & Infrastructure divisions and in ship finance.

Matthias Wittenburg
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