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Oil impairments at Norway's banks set to rise

Norwegian banks with significant exposure to the offshore sector could face a rise in impairments due to oil industry losses, according to regulator. This would erode their profits as the full impact of the low crude oil market emerges.

Photo: Farstad Shipping

Norway's financial regulator said that banks exposed to oil-industry losses face a rise in impairments that will erode profits as the full effect of the slump in crude prices runs its course.

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