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Danske Bank and DNB hit by oil slump in 2016

The two major Nordic banks Danske Bank and DNB increased their impairments related to loans to the oil sector in 2016. Danske Bank is pleased with the rising oil price, but the bank expects that it will take time for the stabilization to benefit the subcontractors.
Photo: Sara Galbiati
Photo: Sara Galbiati
by NIKLAS KRIGSLUND

2016 was a downright nightmare year for the offshore industry, which was struggling with the low oil price and poor earnings.

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