Maritime & Merchant Bank swims against the current – willing to finance offshore

Norway-based Maritime & Merchant Bank, which has a prominent circle of owners, is interested in financing offshore projects for the first time, while other banks are staying away or reducing their lending.

Photo: PR-FOTO

After years of financial clean-up and enormous losses, the offshore industry has started to make money again, tempting Oslo-based Maritime & Merchant Bank ASA to provide loans and credit to the oil and gas industry.

This is according to Halvor Sveen, CEO of Maritime & Merchant Bank, speaking to ShippingWatch in an interview.

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