Danske Bank expects new losses on offshore

Danske Bank expects further losses on loans to shipping and offshore, even though the major bank reduced its exposure to the sectors in 2020. Oil and gas customers in particular are challenged. Competitor Nordea reports a slower market.

Photo: Jacob Gronholt-Pedersen/Reuters/Ritzau Scanpix

Even though loans for shipping and offshore have been reduced at Danske Bank, the major bank expects more losses on its customers in the sector.

Danske Bank has presented its annual report for 2020, and shipping, oil and gas customers once again play a less flattering role.

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