No more room to kick can, Deutsche says

Deutsche Bank has warned of lenders taking a more assertive stance on non-performing loans in the German market.

Klaus Stoltenberg, global head of ship finance at the lender, told the TradeWinds Shipowners Forum at Posidonia: "There is no more room to kick cans."

He explained: "People are prepared at financial institutions to face reality, mark their loans, adjust to market values."

And he said that sooner or later people run out of arguments and must face reality, meaning more loan loss provisions and crystallisation of losses.

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