Norwegian lender DNB Bank has reduced its bad loan portfolio by NOK 8.4bn ($1.09bn) as shipping and offshore markets improved in the fourth quarter.
Non-performing and doubtful loans made up 0.99% of the total book at 31 December, from 1.5% in 2016. The total is now NOK 17.3bn.
Provisions for loans and guarantees were slashed to NOK 402m from NOK 1.75bn
