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Bank finance to Greek shipping declined 6% last year

Photo: BNP Paribas Extraordinary circumstances, market volatility and uncertainty see shipping bank-sourced finance for Greek owners decline 6.24% to $49.8bn in 2020 as banks review their lending policies. The decline has been evident in recent years and is down from the $57.21bn registered in 2016.A key finding in the 20th annual Petrofin Bank Researchโ€™s survey of lending to Greeks was that this decline occurred despite a record of near a 20% rise of ship finance by Greek and Cypriot banks ...
United Kingdom Ted Petropoulos Petrofin Bank Research Head Of Petrofin Research Informa Markets United Kingdom Credit Suisse

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