The Greek crisis is now causing the shipping bank Royal Bank of Scotland to pull out of Greek shipping. The bank has put its shipping portfolio of USD 5 billion up for sale, writes news media Reuters.
"We won’t be around for much more in Greece. RBS is slowly closing up operations here. The shipping business is up for sale. They have decided to sell it, if there is a buyer by December," said a source from Royal Bank of Scotland to Reuters.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.