Commerzbank slashes more non-performing shipping loans
For the first time ever, Commerzbank's shipping portfolio stands at less than EUR 10 billion, according to the third quarter interim report, in which the German bank presents a profit of EUR 207 million.
BY KATRINE GRØNVALD RAUN
Germany's Commerzbank has made further cuts in its shipping portfolio in the third quarter, which now, for the first time in the bank's history, stands at less than EUR 10 billion, according to the third quarter interim report, published Monday morning. The bank delivered a EUR 207 million profit in the period, a slight a decline from a profit of EUR 225 million in the same period last year.
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