Norwegian shipping bank doubles its portfolio in strong year

Shipping bank Maritime & Merchant has experienced strong growth in 2018, when the bank's portfolio at the end of the third quarter had climbed to a little over USD 200 million. More growth and an IPO are key objectives in the coming year, CEO Halvor Sveen tells ShippingWatch.

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It has been a busy year for the young Norwegian shipping bank Maritime & Merchant, which has grown significantly within the past year. And this development should continue into next year, CEO Halvor Sveen tells ShippingWatch.

The bank, whose ownership counts prominent shipping names such as Henning Oldendorff, Endre Røsjø, Arne Blystad and Arne Fredly, has experienced significant growth in the bank's portfolio throughout 2018, Sveen explains in an interview with ShippingWatch.

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