Norway's DNB Bank has continued to reduce shipping exposure as impairment losses were cut compared to the first three months of the year.
The shipping and offshore lender said its shipping portfolio was NOK 7.47bn ($794m) lower at NOK 48.9bn on 30 June, compared to NOK 56.4bn on 31 March.
Of the total, NOK 338m is in stage three of restructuring, the highest level before default.
