HSH Nordbank has calmed its shipping loans

Former major loss-making shipping loans are no longer a burden to HSH Nordbank. However, the bank is facing other challenges on its way towards privatization and exits the first half of 2018 with a deficit.

Photo: HSH Nordbank

German shipping bank HSH Nordbank has been struggling with a restructuring in recent years, and has gone through and sorted its entire shipping portfolio.

And this is apparent in the financial results for the first quarter of this year, where the bank estimates that shipping no longer presents the same burden as before.

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