Major Norwegian bank points to improvements in shipping

Improved developments in shipping mean that DNB's impairments on loans and securities decreased significantly in the 3rd quarter.
Photo: Odfjell
Photo: Odfjell
BY OLE ANDERSEN

The world's largest supplier of loans for the shipping and offshore industries, Norwegian bank DNB, points to cautious improvements in shipping in a 3rd quarter interim report published on Thursday, and which greatly surpasses analyst expectations. However, the bank still expects a total loss on shipping in 2013 of between USD 509 - 679 million, compared to USD 543.7 million in 2012.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
!
!
Must contain at least 6 characters
!
Must contain at least 2 characters
!
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Further reading