- Net income before taxes of EUR 299 (previous year: 257) million and Group net result of EUR 351(102) million
- CEO Stefan Ermisch: “Prudent growth targeted – no negative effects to date from current geopolitical crisis”
- Prelim. Q1 2022 net income after taxes well within plan at EUR 34 million
- Forecast FY 2022: Group net result in excess of EUR 250 million
HAMBURG – Hamburg Commercial Bank (HCOB) presented its final IFRS figures for fiscal year 2021 on Thursday and confirmed its net income before taxes of EUR 299 (previous year: 257) million as well as the other preliminary financial figures from February. The optimized balance sheet structure and the operating business contributed to the good result, as did positive loan loss provisions and noticeable cost reductions. Although the market environment continued to be dominated by the pandemic, the bank closed fiscal 2021 with excellent financial figures. The seamless switch to the Deposit Protection Fund of private banks (Bundesverband deutscher Banken) took place as planned at the end of 2021. […]
For more information, please refer to the full press release attached.
