DNB promises to go a long way for coronavirus – affected companies

DNB services stress testDNB logo. Photo Norway Today Media.

Several Norwegian companies fear the consequence of the coronavirus and the fall in oil prices. The big bank DNB promises to help viable companies through the crisis.

– “DNB has every third Norwegian business as a customer. Now, several companies around the country are experiencing cancellations, canceled orders and missing deliveries from subcontractors. Companies that are otherwise profitable can also face short-term challenges,” says Harald Serck-Hanssen, Executive Vice President for DNB’s corporate customers.

Companies in the hotel and travel industry in particular are vulnerable. Several hotels and accommodations have announced layoffs, and airlines are canceling a large number of flights.

Measures for companies may be short-term or long-term credit repayment periods for a period or overdraft facilities.

© NTB Scanpix / #Norway Today

Be the first to comment on "DNB promises to go a long way for coronavirus – affected companies"

Leave a comment

Your email address will not be published.