Private investment bank Berenberg stepped into the void left by retreating ship lenders by taking a tranche of shipping loans formerly controlled by Royal Bank of Scotland (RBS).
The recent acquisition of nearly $600m of shipping loans from RBS in conjunction with Japan’s Orix Corp is the culmination of months of talks aimed at obtaining performing loans in the Greek shipping market, according to Berenberg’s head of shipping, Philipp Wunschmann.
Berenberg
