ShippingWatch

Judgment day for the German shipping banks

The biggest of them all, HSH Nordbank, is expected to pass the stress test from which the European Central Bank will soon publish the results, according to Reuters.

Photo: HSH Nordbank

In spite of media speculation to the contrary, the world's biggest lender to the shipping industry, HSH Nordbank, looks set to pass the stress test that 130 banks in the Eurozone have been subjected to during the past seven months by the European Central Bank (ECB), which will take over supervision of the banks next year.

The result of ECB's analyses of the banks' capital resources in the event of a new financial crisis will be published on Sunday, October 26th.

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