Shipping pushes HSH toward more state aid

German HSH Nordbank will likely need increased state aid going forward, perhaps as much as EUR 1.3 billion from 2019 to 2025, partly caused by significant losses on shipping loans.

BY KATRINE GRØNVALD RAUN

Going forward, HSH Nordbank could need even more state aid than the bank is getting today, says Chairman Thomas Mirow according to Reuters.

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HSH Nordbank eyes continuing weak shipping climate
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