HSH Nordbank is a commercial bank in northern Europe with headquarters in Hamburg as well as Kiel, Germany. It is active in corporate and private banking. HSHs main focus is on shipping, transportation, real estate and renewable energy. The bank was created as a result of a merger between Hamburgische Landesbank and Landesbank Schleswig-Holstein on June 2, 2003. HSH has significant operations in Luxembourg, New York, London and Singapore. As of 12/2009 it employed 4,188 people worldwide.
As of 12/2009 HSH had a balance sheet of EUR 174.5 bn and reported a loss of EUR 678 mn.
The shareholders are:
|HSH Finanzfonds AoR||65.00%|
|J.C. Flowers & Co.||9.31%|
|Savings Banks Association of Schleswig-Holstein||5.31%|
In the merger the City of Hamburg and the State of Schleswig-Holstein agreed to hold the majority of shares at least until End of 2013.
Read more about HSH Nordbank: Financial Crisis of 2007-2010
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