Major Nordic banks impair billions of kroner for losses on oil

Several major Nordic banks are hit by the coronavirus crisis as well as the plunging oil price. DNB and Danske Bank make impairments for offshore customers totaling several billion kroner, show the banks' interim reports.

Photo: Antonio Bronic/Reuters/Ritzau Scanpix

Danske Bank and DNB are hit hard by the economic downturn triggered by the coronavirus outbreak and the steep dive in the oil price.

Both banks have made impairment charges totaling billions of kroner in their interim reports, as they expect that not least the offshore sector will be hit hard by the crisis.

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