Shipping and offshore slap DVB with huge deficit

One of Europe's top shipping and offshore banks, DVB, is hit hard by provisions for shipping and offshore. The shipping downturn may have bottomed out, but there are more offshore losses in store, says the bank.

by TOMAS KRISTIANSEN

Yet another major European shipping and offshore bank, Frankfurt-based DVB, booked major losses on its commitments in the two segments.

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Shipping drags down DVB Bank's half-year result
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