A new Nordic shipping bank – Maritime & Merchant – of which German Henning Oldendorff and several high profile Norwegian shipping and business people are owners, will be formally presented in a few days.
The bank's CEO Halvor Sveen confirms to ShippingWatch on Monday that the capital base and the circle of shareholders in Maritime & Merchant is settled, and that he expects business to begin between Dec. 15 and 20, when a number of practical matters are resolved and the bank's systems are up and running.
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