Norway's DNB further reduces its loans to shipping

Norwegian bank DNB has again reduced its exposure to shipping and scaled back its lending portfolio by close to NOK 7 billion. Developments for the fourth quarter were stable, reports the bank.

Photo: Ints Kalnins/Reuters/Ritzau Scanpix

Major Norwegian bank DNB has once again reduced its loans to shipping.

Throughout the year, this lending portfolio shrank to NOK 41.63 billion (USD 4.9 billion) by the end of 2020, from close to NOK 48 billion in 2019, shows the company's annual report.

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