Germany's Nord/LB has slashed a further €1bn ($1.2bn) from its shipping portfolio despite the challenges posed by the coronavirus pandemic.
The Hanover-based bank reduced its ship loan portfolio to €3.5bn at the end of June, down from €4.6bn at the end of 2019.
Significantly, it is making headway in reducing non-performing loans in shipping.
These shrank to €1.7bn
