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Norwegian shipping bank to increase lending in 2021

Norway's Maritime & Merchant Bank expects to increase lending to shipping companies in 2021, a year in which global economic growth is expected to play a role. Last year, the bank saw its result and lending decrease.

Halvor Sveen heads Maritime & Merchant Bank. | Photo: PR-FOTO

Maritime & Merchant Bank hopes to provide more loans to shipping companies in 2021, according to the annual report for 2020.

Last year, the bank, which has prominent shipping names in the ownership circle, saw results decline.

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