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  2 banks to extend new loans to shipping industry this year

    mardi 22 juin 2010

Tuesday, 22 June 2010

DnB NOR ASA and Nordea Bank AB will increase their lending to the shipping industry this year after the global recession depressed shipbuilding in 2009. DnB, based in Oslo and Norway’s largest bank, may lend about 10 percent more to the shipping industry in 2010, Harald Serck-Hanssen, its global head of shipping, offshore and logistics, said in an interview yesterday at the TradeWinds Oslo Shipping conference.
Nordea, based in Stockholm and the Nordic region’s biggest bank, plans to increase lending by 1 billion to 1.5 billion euros (US$1.83 billion), Carl E. Steen, head of Nordea’s shipping, oil services and international division, said in an interview at the same event. The bank’s loans to the sector declined by 7 percent to 10 percent last year, he said. "The deal flow, pipeline is slightly lower than it used to be, but there are still some extremely good opportunities for the banking community in today’s market," Steen said. "We plan to slowly expand the portfolio."

Source : Bloomberg

Voir en ligne : Hellenic Shipping News