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Shipping contributes to growth at DNB in third quarter

Lending to shipping grew, and so did reversals of impairment of financial instruments to shipping for major bank DNB, which saw growth in the third quarter of the year compared to the same period in 2020.

Photo: PR/DNB

Norwegian shipping is on the mend following the Covid-19 crisis, as reflected in the positive third quarter results at major bank DNB.

In the third quarter, DNB continued its reversals of impairments of financial instruments from shipping customers, and lending to the maritime sector has kicked into gear again after a period of low activity.

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