Hamburg Commercial Bank (HCOB) has acquired $992 million of Dutch bank NIBC’s shipping loans. HCOB will also take over a team of experienced shipping experts from the Dutch bank. The parties did not disclose the purchase price. The portfolio was acquired through a multi-stage competitive bidding process. “With this transaction we expand our Shipping footprint in the European market,” HCOB CEO Ulrik Lackschewitz. “We are very pleased to be gaining this high-quality and well-balanced loan portfolio, which strengthens our shipping client base and franchise.” The transaction both diversifies and expands HCOB’s shipping exposure, which has seen early prepayments in recent

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