NEDSHIP Bank's Hong Kong operations contributed 15 per cent of its global loan portfolio, Nedship deputy managing director Jan Verschoor says. Nedship, a subsidiary of triple-A rated Netherland's Rabobank, had US$250 million loans under management in the territory. 'We have built a good platform for growth in this region,' Mr Verschoor said. Mr Verschoor said Nedship would proceed with plans to open an office in Singapore and it was looking at other potential markets in Asia. 'The high level of capitalisation of banks throughout the world, the relatively good pricing in the shipping industry and the fact that the depression of the 1980s seems long forgotten has attracted many non-specialist banks to ship finance, which has increased loan turnover in the industry.' He expected this competitive situation to stabilise this year, but the ship finance industry would be affected by a cyclical slowdown. 'Nonetheless, we expect to maintain growth due to the development of our corporate financing activities throughout 1996,' he said. Nedship Bank announced in Rotterdam that worldwide profit remained at the same level in 1995 as in the previous year, despite a decline in the value of the US dollar exchange rate. The bank said 75 per cent of its total loan portfolio consisted of loans denominated in US dollars. If the dollar had remained stable against the Dutch guilder, Nedship's base currency, net profit would have increased by 10 per cent.