DNB has reduced its shipping portfolio by another NOK 10.4bn ($1.13bn) over the last year, but it reversed loan losses in a stable fourth-quarter environment.
The bank said its maritime book stood at NOK 47.53bn at 31 December, against NOK 57.93bn a year ago, as it continued efforts to rebalance shipping lending at a lower level.
The shipping segment experienced net loan impairment reversals of NOK 171m in the quarter.
