Losses from shipping portfolios are likely to remain high in 2014, particularly for German banks with large exposures to the sector and higher-risk financing structures, Fitch Ratings says. Nordic banks' smaller and more diversified shipping portfolios are likely to stabilise first, although they will stay under pressure until a sustainable recovery for the sector emerges.
Losses from shipping portfolios are likely to remain high in 2014, particularly for German banks with large exposures to the sector and higher-risk financing structures, Fitch Ratings says. Nordic banks' smaller and more diversified shipping portfolios are likely to stabilise first, although they will stay under pressure until a sustainable recovery for the sector emerges.