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Cypriot banks aiming to run a tight ship

Two of Cyprus’ leading banks are cautiously building ship finance portfolios with a concentration on Greek shipowners

Several banks in Greece and Cyprus are comfortable with the main three ‘liquid’ markets — bulk carriers, tankers and containerships —  meaning that assets can be sold without too much trouble if the loan goes wrong. Niche markets, such as car carriers, cement carriers or offshore, are avoided

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