Arne Blystad and Birger Nergaard and Alexander are some of the investors behind niche bank to catch up companies DNB and Nordea are not priority.
Shipowner and investor Arne Blystad already controls a number of companies in the shipping sector. Alexander Nergaard is the granddaughter of shipping magnate Fred Olsen living and working in Singapore. He has invested in the company with his father, Birger Nergaard.
– There are many small and medium sized companies in the shipping and oil that does not have sufficient access to loans from the major banks. This is a big market internationally Change Ording Sund, chairman of the bank named Maritime & Merchant.
Ording Sund is confident that the bank will be profitable from day one, but say they do not have the ambition to compete with the big banks in shipping which DNB and Nordea.
– No, it is so, many years. The largest banks will still operate the largest companies. We focus on the small and medium who currently pay for expensive loans in the bond market, says Ording Sund.
Shanghai-based Landmark Holdings and the German shipping giant Oldendorff is the other big investors behind the company. Halvor Sveen, with experience in the Grieg Group and Pareto, the CEO of the company. The company is now in talks with the Financial Services Authority and will submit an application for a banking license in a short time.
bank is located in Oslo aims to be operational during the second quarter of 2014.
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