The company set up to deal with HSH Nordbank's toxic shipping loan portfolio said its winding-down process will be delayed by the effects of the coronavirus on shipping markets.
The comment from state-owned "bad bank" Portfoliomanagement came after it reported that it cut its portfolio in 2019, by €376m ($408m) to €3.29bn. This is down 10.2% from 2018.
The resulting low level of interest income — to €23.1m
