In his conference presentation, bank representative Bjørn Celius said that DnB NOR is ready to do what it can to financially support the quick realization of Shtokman objects and speed up the development process, a press release on the bank website reports.
-Today there is a major demand for more than five-year credits, but the problem is that situation on the world markets has made it very difficult for the Russian banks to provide such credits, the bank representative said.
-Both we and our subsidiary DnB NOR Monchebank have such a possibility, Mr. Celius said, adding that the bank already now finances projects with such credits.
-We are ready to provide bank guarantees to the financially sustainable companies, in order to make these successfully participate in tenders organised by the oil and gas companies, he continued.
The bank representative also said that he hopes the Shtokman partners will be use the DnB NOR bank network for international transactions in the Shtokman project.
The Norwegian bank’s subsidiary in Murmansk, the DnB NOR Monchebank, this week for the first time participated in the Arctic Shelf conference in Murmansk. The bank was also the main sponsor of the conference section on “infrastructure, geodynamic risks and the economy of the Arctic shelf hydrocarbon development”.
DnB NOR is Norways largest financial services group with total combined assets of NOK 1 600 billion. The Group consists of strong brands such as DnB NOR, Vital, Nordlandsbanken, Cresco, Postbanken, DnB NORD and Carlson, as well as foreign subsidiaries like Monchebank. The bank has more than 2,3 million retail customers and more than 198 000 corporate customers.
