Major Norwegian lender DNB Bank has continued to write back earlier provisions in shipping and offshore as its overall exposure to the sector fell in the fourth quarter.
The Oslo-listed group said shipping lending dropped NOK 8.19bn ($806m) to NOK 36.5bn by 31 December, compared to three months earlier.
Of this total, only NOK 189m of loans are classed as stage 3, the final level of restructuring before default.
