World's largest shipping banks pass stress test
All the German state-owned shipping banks passed the European Central Bank's stress test, and though the banks will now have to perform additional impairments, they will not be forced to raise new capital.
BY OLE ANDERSEN
The major German shipping banks, including the world's biggest lender to the shipping industry, HSH Nordbank, passed the anxiously awaited stress test, from which the European Central Bank (ECB) published the results on Sunday.
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