Shipping loans slam HSH Nordbank pretax profit

LONDON — HSH Nordbank’s pretax profit plunged more than 70 percent in 2016 as the German bank booked a loss provision of 2 billion euros ($2.15 billion) for loans to its struggling shipping clients, including charter container ship owners.
The bank, which has been in financial trouble since the collapse of… Source: http://www.joc.com

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