Norwegian bank DnB NOR today opened a representative office here to cater to its strong base of ship owning community besides providing services to domestic companies which have established themselves in India.
The bank focuses on sectors like shipping, energy and seafood and the Mumbai office would primarily serve clients from these sectors from India besides other Norwegian companies operating in India, DnB NOR President and CEO Rune Bjerke said.
The bank offers large number of products for its customers engaged in industries like shipping and would develop some new products as well, Bjerke said.
He further said that the bank already has strong links with Indian ship owning community and serves Indian companies in shipping, offshore, logistics and energy. Besides, an increasing number of Norwegian companies have established themselves in India and making more investment.
The Mumbai representative office will compliment the bank's Singapore and Shanghai operations and thus serve the entire Asia region.
The bank values its presence in Asia given that about 50 per cent of the global merchant fleet is owned or controlled by people from Asia.
