Norwegian niche lender Pareto Bank is upbeat about shipping’s prospects this year as it revealed a jump in its financing of the sector.
The Oslo-listed bank said its maritime portfolio increased by NOK 623m ($62.9m) in the second quarter to reach NOK 1.88bn, 10% of its overall loan total.
The bank now has 21 shipping customers, up from 19 at the end of March.
