DnB NOR opens Mumbai office

Norway’s largest financial services group, DnB NOR has opened a representative office in Mumbai, the first such office for the bank in the Indian sub-continent. The office was formally opened by Mr. Rune Bjerke, group chief executive of DnB NOR ASA, at a ceremony attended by the Norwegian Ambassador to India, Ms. Ann Ollestad.

Mr. Rune Bjerke

A release issued by the company said that the Mumbai office will primarily serve clients within the shipping and energy sectors as well as Norwegian companies in India. DnB NOR already serves Indian-based companies within shipping, offshore, logistics and energy, added the release.

“DnB NOR has been fortunate to have some strong links with the Indian ship owning community. We recognise that India has some excellent ship owning companies and with access to seafarers, local ship yards and not least export/ import cargo, we expect the Indian shipping industry to grow,” said Mr. Bjerke in the press release.

The bank’s representative office in Mumbai will be headed by Mr. Derick Dias, a senior representative from India’s corporate banking sector, who has been appointed Chief Representative Officer.

Mr. Bjerke stated in the release, “We are truly excited about our new office in Mumbai and it underlines DnB NOR’s commitment to this exciting marketplace. Opening this office in the present economic climate underscores more than ever our recognition of the importance of India to DnB NOR’s future in this region and our commitment to building our presence in Asia in the long term.”

The Mumbai representative office will complement DnB NOR’s Singapore and Shanghai operations and add a third, vital leg to deepen the bank’s risk assessment and credit expertise to serve entire Asia region.