A merger would benefit HSH Nordbank and NordLB, which have both been hit hard by poor shipping markets, association head Reinhard Boll told the financial newspaper Boersen Zeitung.
“If shareholders agreed on a combination, that would be a step that I would very much welcome,” Boll said. The SGVSH holds a 5.3% stake in HSH Nordbank.
Boll admits there is little sign of the two banks combining in the foreseeable future, and he is not aware of any merger talks between them.
NordLB
