DnB NOR

DnB NOR

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DnB NOR

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Description:
DnB NOR ASA is Norway's largest financial services group with total combined assets of more than NOK 2.0 trillion and a market capitalisation NOK 102 billion as per December the 31st. The Group includes brands such as DnB NOR, Vital, Nordlandsbanken, Cresco, Postbanken, DnB NORD and Carlson. DnB NOR's head office is located in Oslo.

The two largest owners of DnB NOR are the Norwegian Ministry of Trade and Industry (34.0%) and Sparebankstiftelsen DnB NOR (10.0 %). The latter was created as a foundation with the sole purpose of owning part of the company. It was created when Gjensidige NOR was made a public limited company to ensure that the companies' customers retained partial ownership of the company. The foundation also can give up to 25% of its received dividend as gifts to charity.

Operations

In Norway DnB NOR Bank has bank offices throughout the country. Though both Postbanken and Nordlandsbanken are part of the company, they retain their own brands and offices. Postbanken offers its services through the post offices while Nordlandsbanken has its offices exclusively in the county of Nordland. As of April 2011, Postbanken and its brand has been merged with the DnB NOR Group.

The DnB NOR Bank Group is the largest enitity in the DnB NOR Group and Norway's largest bank, offering services to the corporate, retail and securities markets and the public sector. Domestically, the group has an investment bank DnB NOR Markets, the finance company Cresco,the insurance company...
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