HSH Nordbank still weighed down by shipping loans
Major German shipping lender HSH Nordbank delivered improvements in the first half of the year, but the bank is still marred by the poor developments in its shipping portfolio.
BY LOUISE VOGDRUP-SCHMIDt
HSH Nordbank managed to grow its total earnings to EUR 652 million in the first half of 2015, up from EUR 646 million in the same period last year. The bank's profit before taxes came to EUR 222 million in the first six months of the year, and the bank was thus able to maintain a positive result - though the result still finished below the first half of 2014, when HSH Nordbank achieved a pre-tax profit of EUR 432 million.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
HSH Nordbank seeks EU assistance
For subscribers
HSH Nordbank sells 14 distressed ships to Navios
For subscribers
Commerzbank divests ships for billions
For subscribers
