You are here

German shipping banks brace for ECB test

Eight lenders have over 100b euros of ship loans on their books: Moody's

Most EU countries, including Germany, have nonetheless breached those limits at one time or another, and many, notably Italy and France, continue to do so - PHOTO: BLOOMBERG

[FRANKFURT] As the European Central Bank (ECB) prepares to test the resilience of the region's lenders, few look as exposed as Germany's shipping banks.

Before the financial crisis, many German banks pushed into the business of lending to the companies transporting the world's burgeoning...