Pareto Bank’s ship financing portfolio kept growing in the third quarter.

The Oslo-listed niche lender’s shipping and offshore loans rose to NOK 1.97bn ($180m) from NOK 1.81bn at the end of the second quarter.

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Morten Kvalshaugen, head of shipping and offshore, told TradeWinds: “The shipping and offshore portfolio increased by NOK 164m during the quarter, mainly related to container and offshore supply.