Nordea will increase loans to shipping after several years of caution
For the first time in five years, Nordea will increase its loans to shipping and offshore, states the new head of international shipping, taking over from Hans Christian Kjelsrud who is moving to a competitor.
For the past five years, Nordic shipping bank Nordea has held back on investments in shipping and offshore. But that practice is now over, says Thor-Erik Bech to Norwegian media Dagens Næringsliv, after taking over as head of the bank's department for these two areas.
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