ShippingWatch

German bank doubled shipping loans in 2018

Hamburg Commercial Bank doubled its loans to shipping the previous year, in which it was also privatized and announced it was changing its name from HSH Nordbank.

Photo: Hamburg Commercial Bank

Hamburg Commercial Bank doubled its loans to the shipping sector last year, shows the shipping bank's annual report published Friday.

The bank's new loans to shipping ended at EUR 1 billion - EUR 500 million more than the year prior.

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