LONDON, Feb 13 (Reuters) – Lloyds Banking Group is looking to sell $500 million of shipping loans in what is likely to be the final big sale of loans from its ship finance portfolio as the British bank accelerates its exit from the sector and reduces capital exposure, trade finance and banking sources familiar with the matter said on Thursday.
The state-backed bank declined to comment.
Lloyds accelerated the sale of its shipping portfolio last year, and said in its results on Thursday it had sold 2.7 billion pounds ($4.48 billion) worth of shipping loans in 2013.
© 2014 Thomson Reuters. All rights reserved.
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
By Gabriel Stargardter CALAIS, France, July 4 (Reuters) – Early one morning this week, a dinghy motored along a vast beach in northern France, stopping every few hundred meters to pick up...
President Donald Trump's administration is considering softening its proposed fee on China-linked ships visiting U.S. ports after a flood of negative feedback from industries that said the idea could be economically devastating, according to six sources.
By Dimitri Rhodes Nov 7 (Reuters) – Belgian oil tanker company CMB Tech says it will focus on the fast growing market in India as it reported third quarter results...
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
