ShippingWatch

DNB scaling down exposure to shipping and offshore

Over the past five years, one of the world's biggest banks in shipping and offshore, DNB, has quite significantly reduced its exposure to the two core business areas. And this development will continue, says the bank. Shipping in particular has been scaled down.

Rune Bjerke is CEO of DNB. This photo is not from the presentation in London. | Photo: PR-foto: Olav Mellingsæter/DNB

DNB wants better returns on invested capital, and the portfolios in offshore and shipping will play a part in achieving this goal, according to a presentation for investors hosted by the bank Wednesday in London.

The purpose of the presentation was to provide faith in the new target for returns and convince financial markets that the bank remains solid in spite of the crisis in offshore in particular.

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