Shipping crisis still weighs down Germany's NordLB

Norddeutsche Landesbank has improved its bottom line by more than EUR 300 million, but problems in the German shipping industry are still dragging down the bank. Altogether, the bank's exposure against shipping stands at EUR 15.9 million.

by NIKLAS KRIGSLUND

German bank Norddeutsche Landesbank (NordLB) continues to struggle with loans to shipowners even though things are generally going better with the business.

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