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.
BY LOUISE VOGDRUP-SCHMIDT
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.
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