Norwegian bank DnB NOR on Tuesday announced that it has introduced a representative office in Mumbai, Maharashtra.

The Mumbai division was formally opened by Rune Bjerke, DnB NOR President and CEO, at a ceremonial occasion attended by the Norwegian Ambassador to India, Her Excellency Ms Ann Ollestad.

The bank said that it opened an office in Mumbai to cater to its strong base of ship owning community plus providing services to domestic companies that have sound presence in the Indian market.

Rune said that the Mumbai branch of the bank, which focused on different segments including shipping, energy and seafood, would primarily serve Indian clients from these segments in addition to other Norwegian companies operating in India.

Mr. Bjerke also said that the bank provides large number of products for its clients engaged in industries like shipping and would build up various new products as well.

He further said that the bank already has strong connections with Indian ship owning community and assists Indian companies in shipping, offshore, logistics and energy.

Moreover, a big number of Norwegian companies have set up themselves in India and making more investment.

The Mumbai representative office will compliment the bank's Asia presence. It already has offices in Singapore and Shanghai.

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