The board says the sale-and-purchase (S&P) department had a very strong year and the subsidiary in Singapore saw “good growth in productivity”. The broking firm now has a staff of slightly over 20 in the Lion City and is still growing, while the staff in Oslo is stable at around 60.

Inge Steensland had revenues of NOK 170m ($27.4m) last year, up from NOK 136m in 2012.