Thursday October 30, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Banks reduce funding of shipping

By Nikos Bardounias

Greek banks reduced their funding of the shipping industry in 2011 by 8.6 percent last year, as their total shipping portfolio declined to $14.51 billion from $15.88 billion in 2010, according to an annual survey by Petrofin Bank Research.

The survey identified six parameters for this trend: The weak shipping market in many sectors, the drop in revenues from ship management and in the vessels’ value, the pessimistic estimates for rates owing to the oversupply of capacity, the restructuring of and defaulting on loans, the financial crisis and the business insecurity in Greece, and the departure of certain banks from shipping funding.

It remains unclear how 2012 will shape up regarding shipping funding.

ekathimerini.com , Wednesday May 2, 2012 (23:40)  
Italy, Greece banks lead Europe decliners amid capital concerns
European stocks tumble as banks decline after Enria’s comments
Germany’s bonds rise as consumer prices decline in six states
Peripheral banks lead European shares lower after positive start
Boy, 13, dies after falling from fifth floor in Thessaloniki
A 13-year-old boy died of his injuries after falling from the fifth floor of a building in the northern port of Thessaloniki on Thursday. Early witness reports suggested the youngster was al...
Civil servants to be investigated for transferring money abroad
More than 5,000 Greek civil servants are set to be investigated for transferring about 1.5 billion euros to foreign banks since 2010, it emerged on Thursday. Based on figures released by the...
Inside News
BASKETBALL
Panathinaikos and PAOK retain perfect record
The third round of games in the Basket League over the weekend saw PAOK overcome the strong resistance of host KAOD at Drama, and Panathinaikos and Olympiakos inflict heavy losses on AEK and...
SOCCER
Gattuso recalls resignation from OFI bench
Gennaro Gattuso has recalled his resignation from the OFI Crete bench following pressure by the club’s fans and administration, one day after his quitting accusing the club and its players o...
Inside Sports
COMMENTARY
Time is running out in Afghanistan
Thirteen years after the attacks on the Twin Towers and NATO's entry into the war in Afghanistan, things remain pretty much unchanged: Political instability and insecurity  reign in the Cent...
COMMENTARY
Cool heads required
It’s time for Athens and Nicosia to deal with the current situation in Cyprus’s Exclusive Economic Zone (EEZ), which a Turkish seismic research vessel has breached against international law,...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Boy, 13, dies after falling from fifth floor in Thessaloniki
2. Italy, Greece banks lead Europe decliners amid capital concerns
3. Civil servants to be investigated for transferring money abroad
4. European stocks tumble as banks decline after Enria’s comments
5. Tsipras to meet with BoG governor on Thursday
6. Germany’s bonds rise as consumer prices decline in six states
more news
Today
This Week
1. Greek euro dilemma is back as minister predicts volatility
2. Students hijack university senate meeting
3. Clientelism belongs to the past, says Mitsotakis
4. Peripheral banks lead European shares lower after positive start
5. Over 1,500 buildings and vehicles damaged in flash floods
6. Tsipras to meet with BoG governor on Thursday
Today
This Week
1. At least 11 banks to fail European stress tests, three in Greece, report says
2. Austria’s creative bookkeeping beats Greece on secret debts
3. Cyprus to block Turkey's EU talks after EEZ violation
4. End of reason, end of humanity
5. Clean bill of health for Greek banks from stress tests
6. Samaras pledges action after flash floods in Athens
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.