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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