DECEMBER 22, 2016 — Back in February 2014 we reported that a niche Norwegian merchant bank providing mortgage based lending to the maritime and offshore industries planned to start operations in April that year.
Well, it took a little longer than that, but now Maritime & Merchant ASA says it is officially open for business and that its long-term goal is to become a niche bank for the maritime industries, primarily within the shipping and offshore service sectors.
M&M will specialize in arranging and structuring mortgage lending for acquisition and refinancing purposes. It will service the global maritime markets from its main office in Oslo, Norway.
M&M’s main business idea is to create a competence-driven and low cost operation. It says that its professional banking services are based on well-grounded, deep industrial insight into international shipping
For further information, says its website, “kindly contact CEO Halvor Sveen, +47 91340098, [email protected]”;