EnergyWatch

DNB no longer slashing loans to shipping and oil

Loans to shipping, oil, and gas will no longer be reduced at Norwegian major bank DNB, says Group CEO Harald Serck-Hanssen.

Photo: Ritzau Scanpix/Claus Bonnerup.

Since 2015, Norway's largest bank DNB has slashed loans to major companies by NOK 75 billion (EUR 7.9 billion).

But now the bank has issued a plan to increase investments on the business market and will also take lower risks on loans than today, according to Norwegian media Dagens Næringsliv.

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