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Nordea has reduced its appetite for shipping

After the crisis, Nordea has deselected a portion of its shipping customers and the bank currently has very strict requirements for which companies it accepts, says Ari Kaperi, Chief Risk Officer at Nordea.

Photo: Rotterdam Havn

Over the next three years, from 2016 to 2018, Nordea aims to maintain the current risk exposure and the bank has already been cleaning up its shipping portfolio, explained Ari Kaperi, Chief Risk Officer at Nordea, at the company's Capital Markets Day 2015 in London last Wednesday.

"Today we have very strict requirements when it comes to the selection of companies. We learned from the previous crisis that it was necessary to deselect some customers and we have already deselected some customers," he said during the part of his presentation specifically about shipping.

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