ShippingWatch

German bank: We're back in the profit zone

In spite of the crisis in the shipping industry, German shipping bank NORD/LB achieved a total result of 96 million euros before taxes.

Photo: Colourbox

NORD/LB Norddeutsche Landesbank, one of the world's ten largest shipping banks, published its financial report for the first half of the year on Thursday, showing a total result of 96 million euros before taxes.

The bank made 87 million euros after taxes, a clear improvement compared to the first half of 2012, where the bank achieved a result of 67 million euros.

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