Norway’s largest bank, DNB, saw its loans to shipping companies fall 7% in 2023.
Loans to the sector reduced to NOK 33.7bn ($3.2bn) at the end of December from NOK 36.3bn at the end of 2022, according to the lender’s report for the fourth quarter.
The Oslo-based bank’s total net maximum exposure — loans and financial commitments — to the shipping sector, grew 22% to NOK 55.2bn.
