Restructuring German lender Nord/LB has rid itself of another €900m ($989m) in shipping loans in the first quarter, as the coronavirus outbreak hit its result.
The size of the maritime portfolio at 31 March was €3.7bn, compared to €4.6bn at the end of 2019, a spokesman told TradeWinds.
"The reduction of the remaining portfolio will be consistently continued in the current financial year," he added.
