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DVB Bank widens provisions for bad debt on shipping portfolio

DVB Bank has widened its provisions for bad debt on shipping and offshore loans.

Marcus Hand, Editor

May 12, 2016

1 Min Read
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In its first quarter results DVB Bank said that “in line with projections” it had increased had increased its allowance for credit losses from shipping to EUR36.3m from EUR13.4m previously.

“The increase was largely required for legacy exposures in the shipping finance portfolio, and for financings in the offshore finance portfolio, which is burdened by the slump in oil prices,” the bank said.

About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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