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Commerzbank sees no shipping industry rebound before H2 2014
May 7, 2013 / 7:52 AM / 5 years ago

Commerzbank sees no shipping industry rebound before H2 2014

FRANKFURT, May 7 (Reuters) - Germany’s second biggest lender Commerzbank expects provisions for bad ship loans to remain stable this year at the high levels seen over the last four quarters, Chief Financial Officer Stephan Engels said.

“The rebound of the shipping industry might start in the second half of 2014,” Engels said in an analyst call on Tuesday. (Reporting by Arno Schuetze)

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