Services

DNB reverses past impairments from shipping customers in first half of 2021

In the second quarter, Norwegian bank DNB has reversed past impairments for customers in the shipping industry, its second quarterly results show. Lending to the sector has diminished over the past year.
Photo: PR/DNB
Photo: PR/DNB
by SØREN PICO

Much like the first quarter, major Nordic bank DNB has managed to reverse prior impairments from loans to shipping customers in the second quarter, while losses to the oil sector were significantly lower than in the past.

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