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USD and NOK deposits


Deposits in NOK  up to 2,10% in interest rate and in USD from 2,25% and up to 4,10%

See our deposit site for more information. 



A new bank for shipping and offshore

The bank offers a specific product; tailored first priority lending to ship owners, joint ventures, project companies and medium-sized companies with a fleet of 5 - 50 vessels.



Maritime & Merchant is a niche bank for the shipping and offshore industry. The strategy is to combine first class banking craftsmanship with deep industrial and market insight in order to build up a diversified and profitable portfolio of loans secured by 1st priority mortgage in liquid and standardized ships. Our customers are ship-owning companies in Norway and abroad. The bank´s main product is secured lending and we emphasize to offer a swift handling of enquiries by account managers with the prudent competence and experience. 

Become our client

Become a client with Maritime & Merchant

As our client, you will receive a market leading interest rate on deposits over NOK 500.000 or USD 50.000. Read more about what we can offer you, and become our client today.



Halvor Sveen


Mr. Sveen holds a Master of Law degree from the University of Oslo. He has extensive management experience within banking and shipping, from companies such as Gjensidige NOR, Grieg Shipping Group and Pareto Bank ASA, as the head of Shipping & Offshore with an assignment to build up a portfolio for the bank within the maritime sector.

Per Ugland


Mr. Ugland holds an MBA from the Norwegian School of Economics (NHH), and has 35 years of experience from DNB. At the Shipping Division in DNB, he served as Head of Investor Relations, and Credit and Risk Management, as well as being a valuable asset during vital strategic processes.

Lars Fossen


Mr. Fossen holds a Bachelor of Business Administration from Norwegian Business School with additional education within banking and finance, and is a Certified Internal Auditor. He has extensive management experience from DNB´s Credit Division, Toten Sparebank, Eika Group and Warren Group.

Tor Stenumgaard


Mr. Stenumgaard holds an MBA and has extensive experience within the interest rate and currency market from companies such as DNB Markets, Chase Manhattan Bank, ABG Sundal Collier, Swedbank/First Securities and Sparebank1 Markets.

Board of Directors

Endre Rösjö


Endre Rösjö is a Norwegian investment banker based in London. He has extensive experience as an active owner of both ship owning and ship broking companies and was part of the controlling ownership group of a number of banks in Texas, USA and is chair of Pinemont Securities Ltd, a member of LSE, London.
Educated at NHH in Bergen, Norway and holds an MBAd from Harvard University, Boston, USA and enjoys farming 1,000 acres in SW France.

Henning Oldendorff

Board Member

Mr. Oldendorff is the owner and Chairman of Egon Oldendorff GmbH & Co KG, a private German holding company with investments in several areas. Its main subsidiary is Oldendorff Carriers, a leading international drybulk operator and shipowner with an annual turnover of approximately USD 4 bn and 4,000 employees. After working abroad with shipbrokers in London, New York and San Francisco, he returned to Germany in 1980 to become CEO of the company, which his father had founded in 1921.

Arne Blystad

Board Member

Mr. Blystad owns and operates shipping and investment activities through a group of companies. He is currently a Director of Arne Blystad AS, Offshore Heavy Transport AS, Blystad Shipholding AS, Spencer Energy AS, Spencer Holding AS and Spencer Finance Corp Inc. 

Ingrid Elvira Leisner

Board Member

Mrs. Leisner has many years of experience as a Board Member and Head of Audit Committee from various boards within sectors such as shipping, pharma and oil. From 2005-2007 Mrs. Leisner was the Head of Portfolio Management Electric Power at Statoil Norge AS. She holds a Bachelor of Business degree (Siviløkonom) with honors from the University of Texas at Austin.

Magnus Leonard Roth

Board Member

Mr. Roth has many years of experience within the shipping sector. As a founding owner of Ocean Trawlers, he has in the period of 1997-2016 been holding the position either as CEO or Director of the board, and in periods Chairman of the board. Additionally he is the CEO and Board Member of Three Towns Capital in Hong Kong, and Board Member of Canomaro Real Estate, Bulk and Oilservice, In Nord Vest AS and Songa Bulk AS.

Guro Elgheim Sivertsen

Board Member

Mrs. Sivertsen has an MBA and is an authorised financial analyst from Norwegian School of Economics. Mrs. Sivertsen has experience from the bank sector and is currently Investment Manager at TD Veen AS.

Karin S. Thorburn

Board Member

Dr. Thorburn is Research Chair Professor of Finance at Norwegian School of Economics and Adjunct Full Professor of Finance at The Wharton School of University of Pennsylvania, USA. Professor Thorburn is a Director of the Board of Global LNG Services AB and SEB Investment Management AB, and was previously a board member of Nordea Bank Norge ASA. In 2016, she was a member of the Mork-committee, reviewing the portfolio allocation of the Norwegian oil fund.


Proud sponsor of the Norwegian Rowing Federation

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Maritime & Merchant Bank ASA
Haakon VIIs gate 1,
0161 Oslo Norway