Nordea didn't issue a single new loan to offshore oil in 2020

Nordea did not issue a single new loan to offshore customers in 2020. The pressure on the industry created increased risk, which the bank is trying to limit by not issuing loans to new customers. Danske Bank will also limit its exposure to the sector going forward.

Nordea's Thor-Erik Bech (right) nand Geir Atle Lerkerød (left.) | Photo: NORDEA

BY TRINE VESTERGAARD & SØREN PICO, SHIPPINGWATCH

Nordic banking major Nordea did not issue a single new loan to customers in the offshore sector in 2020.

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