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.

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.

Shipping loans - and thus especially the German banks - had in advance been described as the most vulnerable and risk-fraught loans in the ECB's assessment of capital reserves at the largest banks in the Eurozone.

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