Hamburg Commercial Bank (HCOB) has upgraded its earnings forecast on the back of better-than-expected earnings this year.
The German lender reported on Thursday net profit of €194m ($226m) in the first six months of the year, compared with just €4m in the same period of 2020.
The profit boost was underpinned by a turnaround at the ship finance division, which logged a €30m profit from an €8m loss in the same period of last year.
