German HCOB ready for new shipping loans in 2021

Hamburg Commercial Bank is preparing to settle more loans for shipping in 2021 after new loans totaling roughly EUR 900 million last year. "We are ready for new business in 2021," says Global Head of Shipping Jan-Philipp Rohr to ShippingWatch.

HCOB's head of shipping Jan-Philipp Rohr. | Photo: PR / Hamburg Commercial Bank

Unlike a long line of competitors, Hamburg Commercial Bank, HCOB, is prepared to do new business in shipping.

This comes after a 2020 in which the bank settled new shipping loans, while it also reduced its exposure to the sector as part of, among other things, a long-term strategic effort to reduce risk in its portfolios.

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