The German commercial bank Hamburg Commercial Bank (HCOB) has Acquisition of the Bank's Naval Credit Portfolio Dutch NIBC which is valued at $992 million. The acquisition, which took place through a tender process, includes the transfer to HCOB of NIBC staff who are responsible for the shipping segment. The German bank has announced that with The transaction, which is expected to be completed by end of the month, its portfolio in the ship credit sector will account for around 10% of total assets, in line with previous years, and that the transaction will reduce the in the portfolio of the container segment in favour of bulk carriers and chemical tankers, while also strengthening the presence of in Scandinavia, the Netherlands and the United Kingdom.