Norddeutsche Landesbank, NordLB, is still being weighed down by its large-scale exposure to the weak shipping sector.
The bank, Germany's second-largest lender to shipping, booked a net deficit in the first nine months of the year of EUR 736 million, down from a profit of EUR 539 million in the same period last year, according to the NordLB interim report Thursday.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.