Pareto Bank’s shipping loan book increases with offshore as it sees flat lending in fourth quarter

Norwegian lender expects weaker oil price to affect subsea space

Morten Kvalshaugen (left), head of shipping and offshore at Pareto Bank, and vice president Petter Flo-Bakke.
Morten Kvalshaugen (left), head of shipping and offshore at Pareto Bank, and vice president Petter Flo-Bakke.Photo: Jonas Walsgård
Published 24 October 2024, 06:12Updated 29 October 2024, 13:24
NorwayPareto BankEarningsloans