Annual Report 2016 (IFB Innovationsagentur Hamburg)

Summary

• Approved loans rose to €761.1 million from €560.5 million, and approved grants to €191.7 million from €177.2 million.p.2
• The capital ratio (CRR) was 24.13% compared with 23.13% a year earlier.p.2
• The bank supported 3,307 new subsidised flats and met its social housing targets for the sixth time in a row.p.7
• It issued its first social bond, a seven-year bond of €100 million that refinances social housing projects.p.7
• The Hamburg-Kredit Gründung und Nachfolge supported 296 companies; funding of €28.9 million triggered investments of over €48 million.p.12
• Through InnoRampUp, 19 start-ups received grants of over €2.5 million (previous year: 15 start-ups with €1.9 million).p.17

Key insights

1. Hamburg-Kredit Wachstum funded 59 small and medium-sized companies and freelancers with €11.6 million, creating or securing around 900 jobs.p.12
2. Dräger Safety acquired 51% of bentekk GmbH and bought out the Innovationsstarter Fonds.p.15
3. The Innovationsstarter Fonds Hamburg was equipped with €13.4 million and invested in 24 companies; its successor fund has €12 million available.p.17
4. Housing approvals amounted to loans of €707.4 million and grants of €176.4 million.p.26
5. The housing target was raised to 10,000 new flats, of which 3,000 subsidised.p.26
6. Hamburg had 86,128 flats with rent and occupancy restrictions as of the reporting date.p.29
7. 130 companies used €3.8 million in grants for resource-saving technologies.p.20
8. Experts expect that more than 3,000 Hamburg companies will face a succession within ten years.p.13