Norwegian shipping bank to raise USD 350 million

Oslo-based Maritime & Merchant Bank, which will launch its business on April 1st, plans to issue shares to raise up to USD 350 million from future stakeholders.

Photo: PR-foto

Last week the Norwegian Financial Supervision Authority (FSA) gave Maritime & Merchant Bank the final approval, which means that the bank can now focus on securing the necessary financial base ahead of launching its operations.

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