Hamburg Commercial Bank (HCOB) has said its restructured shipping interests led to a provisioning reversal in the first half of 2019.
The privatised former HSH Nordbank said it wrote back risk amounts of €25m ($27.6m) in the period, although this was still less than the €131m reversal last year.
It put the 2019 figure down to a successful restructuring in the shipping business, with encouraging improvement in the quality of the loan portfolio.
