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Moody's: German shipping banks have reduced exposure significantly

German shipping banks no longer represent a significant risk for the overall German banking sector, says Moody's. The banks have significantly reduced their exposure to non-performing loans in shipping.

Photo: HHM/Michael Lidner

After years full of divestments, German shipping banks' exposure to the shipping sector has improved and no longer represents a significant risk to the country's overall banking system, concludes Moody's Investors Service in a new report.

"German banks have significantly reduced their aggregate exposure through active management, loan restructurings, sales of bad debt and securitisations," says Swen Metzler, VP and senior credit officer at Moody's, in an update.

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