ShippingWatch

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.

Photo: Hamborg Havn

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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