NordLB still struggling with risky shipping loans
The North German bank NordLB made deferrals for EUR 100 million in the 1st quarter 2014, but the number is decreasing.
BY OLE ANDERSEN
State-owned German shipping bank NordLB, Norddeutsche Landesbank Girozentrale, continues to struggle with considerable deferrals on risky loans in ships, while the bank - like many other exposed German ship lenders - is also awaiting and adapting to the European Central Bank's (ECB) impending health check.
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