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.

by KATRINE GRØNVALD RAUN

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.

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Norwegian shipping bank takes next step towards IPO
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Shipping bank Maritime & Merchant plans 2019 IPO
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