Pareto Bank has seen loan losses fall during the third quarter as it remained resistant to Covid-19 pandemic effects.
The Norwegian shipping lender said write-downs and losses amounted to NOK 6.2m ($660,000) in the period, compared with NOK 9.1m in the second quarter.
The niche finance house described this level as "moderate" and not related to Covid-19.
Pareto does not have exposure to the struggling offshore vessel sector.
