OSLO - Maritime & Merchant Bank ASA (M&M), a niche bank for the shipping and offshore sector, opened its doors for business on the 20th of December 2016. “We are very pleased to be able to start serving our customers,” says M&M CEO Halvor Sveen.  Sveen extends his thanks to M&M’s stakeholders: “We are fortunate to have supportive owners and stakeholders, in both our founding fathers and new investors. They have made it possible to realize the plans for a new specialized bank’’. “The sustained tight credit market for the maritime sector has left many companies owners seeking financing with few alternatives. We believe M&M can fill a need for a specialized bank with experience in shipping and offshore that is able to contribute to good solutions for our customers” says Sveen.