The extended global shipping industry crisis has led to increased risk for German ship lenders, according to Moody’s, which suggests their exposure to risk is significantly higher than many of their global peers. To the extent permitted by law, Moody’s and its directors, officers, employees, representatives, licensors and suppliers disclaim liability for: (i) any indirect, special, consequential, or incidental losses or damages whatsoever arising from or in connection with use of the Information; and (ii) any direct or compensatory damages caused to any person or entity, including but not limited to by any negligence (but excluding fraud or any other type of liability that by law cannot be excluded) on the part of Moody’s or any of its directors, officers, employees, agents, representatives, licensors or suppliers, arising from or in connection with use of the Information. Shipping exposures for five leading German ship lenders still made up 350% of Tier 1 capital by the end of 2015, up from 328% in 2012, with aggregate problem loan ratio from shipping exposure rising 10 percentage points between 2012 to 2015. Deutsche Bank and Commerzbank are among those that have been hit particularly hard as a result of this crisis, while other banks such as HSBC, Barclays, Credit Suisse, UBS, RBS and Standard
The extended global shipping industry crisis has led to increased risk for German ship lenders, according to Moody’s, which suggests their exposure to risk is significantly higher than many of their global peers. Shipping exposures for five leading German ship lenders still made up 350% of Tier 1 capital by the end of 2015, up from 328% in 2012, with aggregate problem loan ratio from shipping exposure rising 10 percentage points between 2012 to 2015. Deutsche Bank and Commerzbank are among those that have been hit particularly hard as a result of this crisis, while other banks such as HSBC, Barclays, Credit Suisse, UBS, RBS and Standard