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NordLB's shipping business positive for the first time in three years

For the first time since 2012, shipping contributed positively to the profits at German NordLB, despite the fact that the crisis is not over in all segments, says chairman Gunter Dunkel in the first quarter interim report.

The efforts to transform the shipping portfolio at the German bank NordLB look like they are paying off. At least, the bank's segment Ship Finance contributed positively to the profits in the first three months of the year, according to the interim report for the first quarter 2015.

Here shipping contributed positively to the earnings with USD 25 million, which is the first time since 2012.

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