Alpha Bank: There’s No Place Like Home

While a willingness to scour the globe for lenders and investors can have a substantial impact on owners’ overall cost of capital, sometimes there’s no place like home. It’s hard to beat the convenience and efficiency of a banker who lives around the block and is available for coffee on a moment’s notice, so it’s no surprise that Greek banks are well-represented in the shipping industry. Even so, Alpha Bank, with $1.6 billion in exposure to the shipping industry in spring 2007, was the only one large enough to make it into our global shipping loan portfolio league table.

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