Oslo-listed lender Maritime & Merchant Bank (M&M) has posted a big rise in profit for 2019 as it outlined its aim to grow worldwide.

The specialist bank, whose joint largest shareholder is German shipowner Henning Oldendorff, has now been operational for three years.

It said it has "further strengthened and expanded the platform in order to secure our ability to serve our customers in all important global shipping hubs professionally."