Commerzbank eyes improvements for container and bulk

The German shipping bank sees slightly stronger rates for container and dry bulk in 2018, though the bank continues its efforts to wind down its non-performing shipping loans.

Photo: Commerzbank AG

Commerzbank continues to wind down its portfolio of non-performing shipping loans despite stronger prospects for container and dry bulk rates in 2018.

The bank's shipping loan portfolio now stands at EUR 1.4 billion, a significant reduction from EUR 5 billion after the first half of 2017. The shipping portfolio has been spun off from the main business and placed in the Asset & Capital Recovery unit for risk loans that need to be wound down.

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