Shipping banks have impaired loans for USD 3.4 billion

Seven banks impaired shipping loans by over USD 3.4 billion last year, shows a report from Bloomberg Intelligence. There are, however, signs of improvement, which is good news for banks such as DNB, ABN Amro, Nordea, and Danske Bank, which altogether have loaned approximately USD 74 billion to the sector.

by DAVID BENTOW

An improved economic climate has generally boosted credit quality and reduced impairments among the major banks.

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