HSH Nordbank AG

HSH Nordbank was established in 2003 as a result of the merger between Hamburgische Landesbank and Landesbank Schleswig-Holstein. HSH Nordbank is focused on providing private and corporate banking products and services to large- and medium-sized German business entities and their owners.

Bank Category

Landesbanken

Products

Financials

Total Assets (2017)
70 330.50 mln EUR  (-14.98%)
Net Income (2017)
-753 912 000.00 EUR

In 2017 total assets of HSH Nordbank AG were 70 330,50 mln EUR. In 2017 the bank's net income was -753,91 mln EUR.

HSH Nordbank AG is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB- (good credit quality). Long-term credit rating assigned to the bank by Moody's is Baa3 (lower medium grade).

HSH Nordbank AG participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Gerhart-Hauptmann-Platz 50, 20095, Hamburg, Germany
431 900 01
431 900 340 02

HSH Nordbank AG is headquartered in Hamburg.

Bank Identifiers

BIC (SWIFT)
HSHNDEHHXXX
MFI ID
DE05749

Business Summary

The range of products offered by HSH Nordbank AG includes savings accounts (0.52 - 0.52 %), time deposit accounts (0.53 - 0.55 %).

Products

Savings Accounts

Savings accounts are interest-bearing deposits accounts which allow to withdraw money at any time. While providing more flexibility, savings accounts usually offer lower interest rates and shorter deposit terms than time deposit accounts.

Savings accounts made with HSH Nordbank AG are covered by deposit guarantee scheme of Germany up to 100 000 EUR per depositor. HSH Nordbank AG offers the following savings accounts.

Updated on 15 December 2018

Flexgeld24
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.52 %
Deposit Term (months)
1 - 99
Savings Account Details
Product Name
Flexgeld24
Account Currency
EUR
Interest Rate (p.a.)
0.52 %
Deposit Term (months)
1 - 99
Investment Amount
1 - 100000 EUR
Interest Frequency
12 times a year

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Time Deposit Accounts

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

Time deposit accounts made with HSH Nordbank AG are covered by deposit guarantee scheme of Germany up to 100 000 EUR per depositor. HSH Nordbank AG offers the following time deposit accounts.

Updated on 15 December 2018

Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.53 %
Deposit Term (months)
3
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
0.53 %
Deposit Term (months)
3
Investment Amount
1 - 100000 EUR
Interest Frequency
1 times a year
Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.54 %
Deposit Term (months)
6
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
0.54 %
Deposit Term (months)
6
Investment Amount
1 - 100000 EUR
Interest Frequency
1 times a year
Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.55 %
Deposit Term (months)
9
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
0.55 %
Deposit Term (months)
9
Investment Amount
1 - 100000 EUR
Interest Frequency
1 times a year
Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.55 %
Deposit Term (months)
12
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
0.55 %
Deposit Term (months)
12
Investment Amount
1 - 100000 EUR
Interest Frequency
1 times a year

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Financial Positions

Total Assets (2017)
70 330.50 mln EUR  (-14.98%)

In 2017 total assets of HSH Nordbank AG were 70 330.50 mln EUR. Decline compared to the previous period (2016) was -14.98%. The evolution of the total assets of HSH Nordbank AG is shown at Chart 1 below.

Total Assets of HSH Nordbank AG.

Chart 1. Total Assets of HSH Nordbank AG.

Profit and Loss

Net Income (2017)
-753 912 000.00 EUR

In 2017 net income of HSH Nordbank AG was -753 912 000.00 EUR. The evolution of the net income of HSH Nordbank AG is shown at Chart 2 below.

Net Income of HSH Nordbank AG.

Chart 2. Net Income of HSH Nordbank AG.

Market Share and Rank (among banks in Germany)

Total Assets (2016)
16th (market share 1.17%)

In 2016 HSH Nordbank AG was ranked the 16th largest bank in Germany in terms of total assets, having 1.17% of the domestic market share.

Market share of HSH Nordbank AG (among banks in Germany)

Chart 3. Market share of HSH Nordbank AG (among banks in Germany)

Several banks having the market shares and ranks closest to HSH Nordbank AG are shown below.

RankNameTotal AssetsMarket Share
15DekaBank Deutsche Girozentrale84536.79 mln EUR1.19%
16HSH Nordbank AG82725.27 mln EUR1.17%
17Deutsche Kreditbank AG76395.88 mln EUR1.08%
 

Market Share and Rank (among Landesbanken in Germany)

Total Assets (2016)
5th (market share 9.19%)

In 2016 HSH Nordbank AG was ranked the 5th largest landesbanken in Germany in terms of total assets, having 9.19% of the category's market share.

Market share of HSH Nordbank AG (among Landesbanken in Germany)

Chart 4. Market share of HSH Nordbank AG (among Landesbanken in Germany)

Several landesbanken having the market shares and ranks closest to HSH Nordbank AG are shown below.

RankNameTotal AssetsMarket Share
4Norddeutsche Landesbank -Girozentrale-122998.11 mln EUR13.66%
5HSH Nordbank AG82725.27 mln EUR9.19%
6Landesbank Berlin AG45873.72 mln EUR5.09%
 

Credit Ratings (as of May 2018)

Fitch Moody's
BBB- (good credit quality) Baa3 (lower medium grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. HSH Nordbank AG is rated by Fitch and Moody's.

Credit ratings assigned to HSH Nordbank AG as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for HSH Nordbank AG it is set to BBB- (good credit quality), outlook is negative (may be lowered). The rating is not on watch. Short-term issuer default rating for HSH Nordbank AG is set to F3 (fair short-term credit quality).

Long-Term Issuer Default Rating  BBB-
    Outlook  negative
    On Watch  No
Short-Term Issuer Default Rating  F3
Viability Rating  b
Support Rating  2
Support Rating Floor  WD

Viability rating for HSH Nordbank AG is set to b (highly speculative fundamental credit quality); support rating is 2 (high probability of external support); support rating floor is WD (withdrawn).

Moody's

Long-term rating for HSH Nordbank AG it is set to Baa3 (lower medium grade). Long-term bank deposit rating is Baa3 (lower medium grade). Baseline credit assessment is b3. Short-term rating is not assigned.

Long-Term Rating  Baa3
Long-Term Bank Deposit Rating  Baa3
Baseline Credit Assessment  b3
Short-Term Rating  -
Outlook  ratings under review

Outlook for the ratings of HSH Nordbank AG is set to ratings under review (an issuer has one or more ratings under review, and thus overrides the outlook designation).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Germany are obliged to participate in German deposit guarantee scheme.

In the case of HSH Nordbank AG failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Covered Accounts  all deposit accounts (deposits on current accounts and savings accounts, overnight money or time deposits, registered savings bonds, and similar)
Covered Currencies  EU currencies
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of HSH Nordbank AG and its components are shown in the table below.

BIC  HSHNDEHHXXX
Bank BIC Code  HSHN
Country Code  DE (Germany)
Location Code  HH
Branch Code  XXX

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of HSH Nordbank AG is shown in the table below.

MFI ID  DE05749

European Presence: 4 banks in 3 countries

HSH Nordbank AG operates under the brand name HSH Nordbank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Germany

  • (this bank) HSH Nordbank AG (Hamburg)

Greece

Luxembourg

Defunct Banks: 3 banks in 3 countries

The following banks operating under HSH Nordbank brand name has been recently closed down:

Cayman Islands

Denmark

United Kingdom