ShippingWatch

DNB less squeezed by shipping and offshore

Loans to shipping and offshore are still a thorn in the side of DNB, but at least the thorn is smaller now, shows the financial report from the Norwegian major bank.

Photo: PR-foto: Olav Mellingsæter/DNB

DNB has released its 2017 annual report and the bank has performed well on the bottom line.

The result grew to a profit of NOK 21.8 billion (EUR 2.28 billion) in 2017, up from NOK 19.3 billion the previous year.

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