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German state bank considers bigger loans for shipping

German state bank KfW considers granting bigger loans for shipping following a year in which the major, traditional shipping banks have cut down on lending for the struggling industry.

Photo: Colourbox

German shipowners are in need of financing after several banks have cut down on their lending portfolios to shipping. Now the German state bank KfW - the 3rd largest bank in Germany - might be ready with a helping hand, writes Bloomberg.

"I can imagine increasing the volume of our ship business - if the risk-return profile is right," says KfW CFO Bernd Loewen to Bloomberg.

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