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Shipping bank stepped up loan disbursement in first half of the year

Norwegian shipping bank Maritime & Merchant stepped up its lending in the first six months of the year. With strong container and dry bulk markets, the bank is looking ahead with "excitement and ambitions" at upcoming quarters.

Maritime & Merhchants CEO Halvor Sveen. | Photo: PR-FOTO

Shipping bank Maritime & Merchant increased its lending activities and its profits in the first six months of the years, and promising trends in container and dry bulk are giving rise to high expectations for the rest of 2021.

The Norwegian bank, whose owners include Henning Oldendorff, Endre Røsjø and Arne Fredly, and formerly Arne Blystad, who sold off his shares last year, just published its financial report which revealed that the portfolio of disbursed loans increased by 20.5 percent in the first six months of the year from USD 268 million to USD 324 million.

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