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USD and NOK deposits


Deposits in NOK  up to 2,10% in interest rate

See our deposit site for more information. 



A 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 and has 35 years of experience from DNB. At DNB he served in various managerial positions; as Section Head in the Shipping and Offshore Division, Head of Investor Relations, Head of Group Services, Member and Head of various central Credit Committees 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, Deputy CEO in Toten Sparebank and as an Executive Vice President in Eika-Gruppen.

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 Røsjø


Endre Røsjø is a Norwegian investor and industrialist. He has extensive experience as an active owner and investor in a wide range of fields; shipping, financial sector, property, oil and energy and securities. He is the sole owner and chairman of Pinemont Securities Ltd, a member of LSE, London and Centennial AS in Oslo. He is graduated from NHH in Bergen, Norway and holds an MBA from Harvard University, Boston, USA.

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 dry bulk operator and shipowner. 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 the Blystad Group. 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.

Nikolaus Egon Moritz Oldendorff

Board Member

Nikolaus Egon Moritz Oldendorff is the owner of Reederei Nord GmbH in Hamburg and has experience from Aker Yards, Bocimar, Maersk Broker and Deutsche Schiffsbank before joining  Reederei Nord in 2010. He holds a Master of Science, Shipping and Trade from CASS in London.

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 to 2007 Mrs. Leisner was the Head of Portfolio Management Electric Power at Statoil Norge AS. She holds a Bachelor of Business degree with honours from the University of Texas in Austin.

Karin S. Thorburn

Board Member

Dr. Thorburn is Research Chair Professor of Finance at Norwegian School of Economics (NHH) 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. She hold a Ph.D in Financial economics from Stockholm School of Economics.

Magnus Leonard Roth

Board Member

Mr. Roth has extensive experience within the maritime sector. As a founding owner of Ocean Trawlers, which became a leading player within the industrial fishing industry, he was during the period between 1997 and 2016 the position either as CEO, Director, and Chairman. He is an active investor in Norwegian and international shipping.

Linda Christin Hoff

Board Member

Ms. Hoff has many years of experience within finance and banking, and is currently the CFO of Pexip AS. Previously she was in the Shipping and Offshore Department of Nordea Bank for 13 years, holding different leading positions in the Oslo, New York and London offices. In the period 2012-2017 she worked in Norske Skog ASA as CFO. Ms. Hoff holds a Master of Business and Economy with a Finance major from BI Norwegian Business School.

Vibeke Gwendoline Fængsrud

Board Member

Ms. Fængsrud is the founder and CEO of House of Math AS, serves as a Director of the Board of Songa Bulk ASA, and has held various board memberships in academia. She has published 27 titles on mathematics, and is doing a Master degree in Mathematics at the University of Oslo, from where she also holds a PPU and a B.Sc equivalent in Mathematics and Physics. Fængsrud also has an Executive B.Sc in International Business and Leadership from BI Norwegian Business School.


Proud sponsor of the Norwegian Rowing Federation

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