Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Deutsche Schiffsbank to Curtail Customer Relationships, FTD Says

Feb. 21 (Bloomberg) -- Commerzbank AG’s Deutsche Schiffsbank unit plans to limit business relationships to customers deemed strategically important, Financial Times Deutschland reported in a preview of an article to be published tomorrow.

The bank’s shipping finance book will therefore become smaller, FTD reported, citing an interview with Stefan Otto, a spokesman for the board. Schiffsbank’s integration into Commerzbank should be completed this quarter, the newspaper said.

To contact the reporter on this story: Alex Webb in Frankfurt at awebb25@bloomberg.net

To contact the editor responsible for this story: Chad Thomas at cthomas16@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.