Oslo-listed Pareto Bank is confident of shipping lending growth despite a fall in its exposure during the first quarter.
The niche lender, which focuses on domestic shipowners, said “several” new loan deals were arranged in the period.
This constituted a good start to the year and will lead to volume growth going forward, the lender added.
The market outlook is positive for most shipping segments due to global GDP growth and low fleet expansion levels, the bank believes.
