Norwegian lender SpareBank 1 SR-Bank has added to its maritime loan book as provisions remained low through the third quarter.
The Oslo-listed bank said its shipping and other transport portfolio stood at NOK 13.68bn ($1.33bn) at 30 September, up from NOK 13.12bn in the second quarter and NOK 11.86bn a year ago.
The bank recorded NOK 614m of these loans in stage three, the last phase of restructuring before default.
