NordLB to exit ship finance after ‘painful’ losses
Norddeutsche Landesbank is to quit ship finance after unveiling a consolidated loss equivalent to $2.6bn last year. Its shipping portfolio has fallen in value by 39% over the last two years, the bank added
‘Ridding ourselves of bad loans from ship financing will give us a new start,’ says chief executive Thomas Bürkle
If content does not display, please refresh your browser.
Not a subscriber?
Find out about tailored subscription packages:
T: +44 (0) 20 3377 3792