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German banks have shipping loans totaling USD 100 billion

German banks account for close to one fourth of the combined global lending to the shipping sector. Several parties estimate to Reuters that German banks have shipping loans totaling USD 100 billion.

Photo: HSH Nordbank

German banks have close to USD 100 billion in loans to the struggling shipping sector.

This figure corresponds to around one fourth of the global loans to the sector, reports Reuters, citing several sources from the German bank sphere.

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