NordLB not planning merger with peer HSH - CEO
BERLIN Feb 14 (Reuters) - German public-sector lender NordLB is not planning a merger with peer HSH Nordbank , its Chief Executive said in reaction to comments from an HSH stakeholder that such a deal could make sense.
"We are not examining (a merger) and have no considerations on this," Gunter Dunkel told Reuters on Friday, adding he still sees no advantages from a combination of the two so-called landesbanks.
The head of the association of savings banks in the state of Schleswig-Holstein - which hold 5.31 percent in HSH Nordbank - said earlier this month there were no longer any reasons for having two large public-sector ship financiers in Germany.
NordLB's Dunkel also said that in some shipping segments he expects a tentative recovery of freight rates in 2015 and a return to long term averages in 2016.
According to the bank, the rebound will not occur in the bulker and oil tanker segments.
- Ukraine says Russian tanks flatten town; EU to threaten more sanctions |
- F-16s dispatched for unresponsive pilot of small plane near D.C.
- EU wields Russia sanctions threat but timing vague |
- Trapped peacekeepers at Golan Heights moved to secure area: Philippine military chief
- Polish president warns Germany of Putin's 'empire' ambitions