Energy crisis prompts German bank to re-enter offshore oil and gas financing
Germany’s urgent need for new energy suppliers prompts Hamburg Commercial Bank to return to fossil investments after having rid its portfolio of oil and gas loan deals.
BY JENS THOMSEN, TRANSLATED BY SIMON ØST VEJBÆK & KRISTOFFER GRØNBÆK
One of Germany’s last remaining maritime finance providers, Hamburg Commercial Bank (HCOB), returns to the offshore oil and gas market after having exited the sector no more than a year ago.
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