Bjerke’s shipping hope
DNB is expecting its shipping loans to add to future profit, according to chief executive Rune Bjerke.
The Norwegian bank revealed impairment losses on loans and guarantees of NOK 554m ($90m) in the second quarter, a period in which it generated a profit of NOK 4.65bn.
But Bjerke told a news conference: "Loans to the shipping sectors won't contribute negatively to the coming quarters.
“It will contribute somewhat positively to the group's results in the coming quarters."