German banks, with their large exposures to thesector and higher-risk financing structures, are said to be particularly poorly placed.
“HSH Nordbank, NordLB and Commerzbank, may be more affected by the ECB’sasset quality review and stress tests in 2014,” said Fitch.
Incontrast it believes Nordic banks’ smaller and more diversified shippingportfolios are likely to stabilise first.
However,the rating agency adds that Nordic banks will stay under pressure until asustainable recovery for the sector emerges.
“Whilewe
