Oil Impairments at Norway’s Banks Set to Rise, Regulator Says

  • Shares in DNB, Norway’s biggest bank, drop most since mid-July
  • Banks face ‘substantial’ losses in ‘severe’ setback: FSA head

Norway’s financial regulator said that banks exposed to oil-industry losses face a rise in impairments that will erode profits as the full effect of the slump in crude prices runs its course.

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