ShippingWatch

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.

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.

Find the complete HSH Nordbank interim report here

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