KfW IPEX-Bank’s lending to maritime industries increased by 3.5% last year to €14.7bn ($15.9bn).
The Frankfurt-based export bank’s total volume of lending grew to €78bn from €71.1bn.
“In 2023 the world was again shaken and challenged by multiple crises in politics, business and society: the ongoing war in Ukraine, Middle Eastern conflict reaching a new intensity and high inflation for much of the year with its consequences for global economic development,” the bank said.
