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Profit from shipping increased markedly at German bank despite fall in loans

Greek shipowners are German-based shipping bank HCOB’s largest customer group. The bank will return to offshore ventures and now supplies loans to vehicle carriers.
Last year, loans to box carriers held the biggest share of Hamburg Commercial Bank's shipping portfolio. | Photo: Christian Charisius/AP/Ritzau Scanpix
Last year, loans to box carriers held the biggest share of Hamburg Commercial Bank's shipping portfolio. | Photo: Christian Charisius/AP/Ritzau Scanpix
by JENS THOMSEN

The good times in the shipping industry were profitable for German shipping bank Hamburg Commercial Bank (HCOB) last year.

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