"We haven't been financing any new ships in offshore recently"

Offshore has traditionally accounted for most of Norwegian state export bank GIEK's activities. But the offshore portfolio has dwindled in recent years, and the trend will probably continue, CEO Wenche Nistad tells ShippingWatch.

Wenche Nistad, CEO of Norwegian export credit bank GIEK, which has AuM of around NOK 90 billion. Photo: PR/GIEK

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