Media: Deutsche Bank interested in HSH's shipping portfolio

Deutsche Bank is among the 20 bidders on HSH Nordbank's substantial portfolio of non-performing loans, including several loans in shipping, writes Reuters.

HSH Nordbank's debt portfolio for non-performing loans, including shipping loans, is interesting for Deutsche bank, which according to Reuters is among the 20 companies planning to bid on the portfolio.

"It could be an asset play for Deutsche where they pick up the debt and sell it on subsequently. This whole process is still at an early stage," one source tells Reuters.

HSH Nordbank's portfolio of non-performing shipping loans consists of at least EUR 500 million.

Deutsche Bank and HSH Nordbank both decline to comment on Reuters' information.

HSH Nordbank leases Hanjin vessels to Maersk Line

German banks have shipping loans totaling USD 100 billion

Moody's downgrades NordLB due to shipping exposure

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