Dutch lender NIBC has seen its shipping loan book shrink further as cash-rich owners pay off debt more quickly.
The bank said the maritime portfolio stood at €955m ($1bn) on 31 December, down from €1bn on 30 June last year, and €1.12bn at the end of 2022.
Despite higher loan pre-payments in shipping, the total asset-based finance portfolio increased, mainly due to strong growth of 22% within digital infrastructure.
