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NordLB cut nearly EUR 5 billion from its shipping portfolio

NordLB once again booked a profit before taxes in 2017 and trimmed almost EUR 5 billion from its portfolio of shipping loans. Shipping was the biggest item among the bank's provisions for non-performing loans.

Photo: Foto: PR/NordLB

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Søren Skou fighting the clock to deliver results

Søren Skou will soon have spent two years heading the Maersk Group and working on the transformation of the conglomerate and the share price that served as key reason for his appointment. "Things take time," says Skou.

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