Danske Bank: The shipping industry is still facing challenges

Depreciation of shipping activities still accounts for a good deal of Danske Bank’s half-yearly results, which reveal that write-offs pertaining to the shipping industry accounted for 3.4 percent of lending and securities.

Photo: Lars Krabbe, Jyllands-Posten

Today, Danske Bank delivered a pleasant surprise when the Danish bank published its half-yearly results of 4.1 billion kroner before taxes and 2.3 billion kroner after taxes.

However, the results also reveal that lending to the shipping sector continues to adversely affect the accounts. As the bank writes, the shipping industry is “still facing challenges”.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Latest news

See all jobs