NordLB suffering from "painful loss"
Major German shipping bank NordLB booked huge losses on shipping in 2016. "Painful," says the bank's new chairman.
![Photo: PR/NordLB](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article9488117.ece/ALTERNATES/schema-16_9/Hannover%25202.jpg)
NordLB's 2016 annual report confirms the bank's previous forecast: The losses are huge.
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