ShippingWatch

Norway's state-owned export bank takes co-responsibility in offshore crisis

Norway's state-run export bank Giek loaned NOK 59 billion to the oil and offshore industry. Now, the CEO admits that the bank holds some responsibility in the crisis and that the fund is set to lose billions, writes Dagens Næringsliv. 

Photo: PR/GIEK

Norway's export bank Giek, which is owned by the state, was a bit too generous with providing funding for companies in the oil and offshore sector.

Already a subscriber? Log in.

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.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs