The German lender said the refinancing through the commercial interest reference rate (CIRR) programme for shipyards was part of new commitments totalling EUR 15.4bn across all its divisions, up from EUR 13.7bn in 2013.
CIRR allows shipowners to obtain a fixed rate loan for ships ordered at German yards which applies for the entire term at a minimum interest rate set down by the OECD.
"The
