Norwegian lender DNB has benefited from the continued restructuring and reduction of problematic shipping and offshore loans in the first quarter.
It reversed NOK 330m ($41.4m) of impairments of financial instruments to 31 March, against a loss of NOK 562m from impairments last year.
The reversals primarily related to large corporate and international customers and the main drivers "were continued restructuring of selected large exposures in the quarter and a reduction in volumes," it said.
