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StanChart sees active ship loan year
Published Tue, May 6, 2014 · 10:00 PM
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[DUBAI] Standard Chartered plc, the British bank that earns most of its profit from Asia, expects to increase its US$5.5 billion of loans to the shipping industry as demand for vessels recovers and oil-industry investments rise.
The London-based bank's lending to ship companies jumped more than 30 per cent last year and it expects another "very active year" in 20…
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