Major German bank HSH Nordbank is still struggling with non-performing loans to distressed shipping customers.
The bank has just released its financial report for the year's first nine months, and shipping is once again a sore spot for the bank. While the bottom line shows a profit before taxes for the bank overall, it has been necessary to make provisions for losses on non-performing shipping loans outside of the core business.
Get full access for you and your coworkers.Start a free company trial today
Already a member? Log in.