EuropeFinance and Insurance
HSH Nordbank’s bad shipping loans will take a decade to wind down
It will take at least a decade for Hamburg’s HSH Nordbank to wind down its EUR5bn of shipping loans, the bank’s state owners have warned.
Ulrike Helfer, a former DVB Bank shipping banker, joined HSH yesterday as co-head.
The bank is controlled by the German states of Schleswig-Holstein and Hamburg.