Our Bank acts as arranger and agent in syndicated loans in which the Bank itself and other financial institutions or hedge funds participate as creditors, while one or more shipowning companies participate as borrowers. Such loans require significant large capital and, as a result, the participation of more than one creditors is necessary so that they can be realized.
Financial institutions and hedge funds participating in syndicated loans choose our Bank to act as Agent, Paying Agent and Trustee for said loans.
Shipping loans arranged through bilateral agreements remain the main lending tool, which is chosen by lots of our customers when they want to implement their business plans.
In general, the purpose of above loans is the built, repair or purchase of vessels. They are long-term loans with several ways of repayment depending on borrowers’ cash flows and operational needs.