The German shipping banks such as Commerzbank, HSH Nordbank and NordLB are facing a major exam when they are set to be tested by the European Central Bank, ECB, this fall. And there is no guarantee that the banks will pass the test, says the IMF in a new country analysis.
"They (IMF) noted the continuous and significant improvement in banks’ capital ratios over the past several years, but agreed that shipping loans could be a source of further impairments," says IMF in the analysis.
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