According to Hellenic Shipping News, there was a $42.5 billion decrease in ship lending in 2016.
Hellenic Shipping News attributed the drop to the exit of Commerzbank and Royal Bank of Scotland from the market, lower bank portfolios and stabilization of exposure by Chinese banks, resulting from a dramatic increase of Chinese Leasing.
Global bank finance now stands at the 2007 levels, according to Hellenic Shipping News’ report.
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