DNB ASA is
NorwayNorway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
's largest
financial services Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...
group with total combined assets of more than
NOKThe krone is the currency of Norway and its dependent territories. The plural form is kroner . It is subdivided into 100 øre. The ISO 4217 code is NOK, although the common local abbreviation is kr. The name translates into English as "crown"...
2.0 trillion and a market capitalisation
NOKThe krone is the currency of Norway and its dependent territories. The plural form is kroner . It is subdivided into 100 øre. The ISO 4217 code is NOK, although the common local abbreviation is kr. The name translates into English as "crown"...
102 billion as per December the 31st. The Group includes brands such as DNB,
VitalVital Forsikring ASA, branded as Vital is Norway's largest life insurance and pension insurance company, and part of the DnB NOR Group. Though Vital has roots back to 1847, it was created in its present form by a merger between Vital and Gjensidige NOR's life insurance section after the mother...
,
NordlandsbankenNordlandsbanken is a Norwegian bank serving the County of Nordland. Nordlandsbanken is a wholly owned subsidiary of DnB NOR who bought the bank in 2003. It has total assets of NOK 22 billion and headquarters in Bodø. The bank has 17 branches.-History:...
, Cresco,
PostbankenPostbanken is a Norwegian bank that is part of the DnB NOR Group. The bank offers its services through the Norwegian post offices.-History:...
,
DnB NORDDnB NORD is a European bank group in Estonia, Latvia, Lithuania and Poland. The bank is own by the Norwegian bank DnB NOR. DnB NORD has more than 3,000 employees, 160 branches, 675,000+ customers and assets totalling €5.1 billion...
and Carlson. DNB's head office is located in
OsloOslo is a municipality, as well as the capital and most populous city in Norway. As a municipality , it was established on 1 January 1838. Founded around 1048 by King Harald III of Norway, the city was largely destroyed by fire in 1624. The city was moved under the reign of Denmark–Norway's King...
.
The two largest owners of DNB are the
Norwegian Ministry of Trade and IndustryThe Royal Norwegian Ministry of Trade and Industry is a Norwegian ministry responsible for business, trade and industry. It is led by Trond Giske . The department must report to the legislature, Storting.-History:The Norwegian Ministry of Trade, Shipping, Industry, Craft and Fisheries was created...
(34.0%) and
Sparebankstiftelsen DnB NORSparebankstiftelsen DnB NOR is a Norwegian foundation. The foundation gives financial contributions to a wide range of charitable causes, and is the second largest shareholder of the financial services company DnB NOR. The foundation's capital is a result of accumulated profits from the former...
(10.0 %). The latter was created as a
foundationStiftelse, the Norwegian Foundation is an independent juridical entity that has assets at its disposal, given by will, gift, or other juridical disposition to the foundation for a given purpose; that might be for idealistic, humanitarian, cultureal, social, educational, economic or other purpose...
with the sole purpose of owning part of the company. It was created when
Gjensidige NORGjensidige NOR was a Norwegian bank and insurance company that was in existence between 1999 and 2003. The company was created when the two savings banks Sparebanken NOR and Gjensidige were merged in 1999. In 2002 Norwegian savings banks were allowed to become public limited company and was...
was made a
public limited companyA public limited company is a limited liability company that sells shares to the public in United Kingdom company law, in the Republic of Ireland and Commonwealth jurisdictions....
to ensure that the companies' customers retained partial ownership of the company. The foundation also can give up to 25% of its received
dividendDividends are payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders. When a corporation earns a profit or surplus, that money can be put to two uses: it can either be re-invested in the business , or it can be distributed to...
as gifts to charity.
Operations
In Norway DNB Bank has bank offices throughout the country. Though both
PostbankenPostbanken is a Norwegian bank that is part of the DnB NOR Group. The bank offers its services through the Norwegian post offices.-History:...
and
NordlandsbankenNordlandsbanken is a Norwegian bank serving the County of Nordland. Nordlandsbanken is a wholly owned subsidiary of DnB NOR who bought the bank in 2003. It has total assets of NOK 22 billion and headquarters in Bodø. The bank has 17 branches.-History:...
are part of the company, they retain their own
brandThe American Marketing Association defines a brand as a "Name, term, design, symbol, or any other feature that identifies one seller's good or service as distinct from those of other sellers."...
s and offices. Postbanken offers its services through the
post officesPosten Norge or Norway Post is the name of the Norwegian postal service. The word posten means the post or the mail in Norwegian. The company, owned by the Norwegian Ministry of Transport and Communications holds a monopoly on distribution of mail throughout the country.-History:Posten was founded...
while Nordlandsbanken has its offices exclusively in the
countyNorway is divided into 19 administrative regions, called counties . The counties form the primary first-level subdivisions of Norway and are further divided into 430 municipalities...
of
Nordlandis a county in Norway in the North Norway region, bordering Troms in the north, Nord-Trøndelag in the south, Norrbottens län in Sweden to the east, Västerbottens län to the southeast, and the Atlantic Ocean to the west. The county was formerly known as Nordlandene amt. The county administration is...
. As of April 2011, Postbanken and its brand has been merged with the DNB Group.
The DnB NOR Bank Group is the largest entity in the DNB 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 Vital who is a provider of life insurance products and pension savings, the real estate agency DnB NOR Eiendom and DnB NOR Asset Management, who operates as a fund manager for institutional clients in Norway and Sweden. DnB NOR has the largest customer base in the Norwegian financial market and is a leader in most domestic market segments. In Norway, DnB NOR has more than 2.3 million retail customers and more than 200,000 corporate clients, with 218 Branch offices.
The group's activities are primarily focused on Norway; however, it is one of the world's foremost
shippingShipping has multiple meanings. It can be a physical process of transporting commodities and merchandise goods and cargo, by land, air, and sea. It also can describe the movement of objects by ship.Land or "ground" shipping can be by train or by truck...
banks and a major international player in the energy sector. It has an international network of 27 branches and representative offices, including
HelsinkiHelsinki is the capital and largest city in Finland. It is in the region of Uusimaa, located in southern Finland, on the shore of the Gulf of Finland, an arm of the Baltic Sea. The population of the city of Helsinki is , making it by far the most populous municipality in Finland. Helsinki is...
(
FinlandFinland , officially the Republic of Finland, is a Nordic country situated in the Fennoscandian region of Northern Europe. It is bordered by Sweden in the west, Norway in the north and Russia in the east, while Estonia lies to its south across the Gulf of Finland.Around 5.4 million people reside...
),
CopenhagenCopenhagen is the capital and largest city of Denmark, with an urban population of 1,199,224 and a metropolitan population of 1,930,260 . With the completion of the transnational Øresund Bridge in 2000, Copenhagen has become the centre of the increasingly integrating Øresund Region...
(
DenmarkDenmark is a Scandinavian country in Northern Europe. The countries of Denmark and Greenland, as well as the Faroe Islands, constitute the Kingdom of Denmark . It is the southernmost of the Nordic countries, southwest of Sweden and south of Norway, and bordered to the south by Germany. Denmark...
),
Hamburg-History:The first historic name for the city was, according to Claudius Ptolemy's reports, Treva.But the city takes its modern name, Hamburg, from the first permanent building on the site, a castle whose construction was ordered by the Emperor Charlemagne in AD 808...
(
GermanyGermany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
),
LuxembourgLuxembourg , officially the Grand Duchy of Luxembourg , is a landlocked country in western Europe, bordered by Belgium, France, and Germany. It has two principal regions: the Oesling in the North as part of the Ardennes massif, and the Gutland in the south...
,
LondonLondon is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
(
United KingdomThe United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
),
New YorkNew York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
(
United StatesThe United States of America is a federal constitutional republic comprising fifty states and a federal district...
), Houston (
United StatesThe United States of America is a federal constitutional republic comprising fifty states and a federal district...
),
ShanghaiShanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...
(
ChinaChinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
) and
SingaporeSingapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
. The company also has multiple offices in
SwedenSweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....
.
In
DenmarkDenmark is a Scandinavian country in Northern Europe. The countries of Denmark and Greenland, as well as the Faroe Islands, constitute the Kingdom of Denmark . It is the southernmost of the Nordic countries, southwest of Sweden and south of Norway, and bordered to the south by Germany. Denmark...
,
FinlandFinland , officially the Republic of Finland, is a Nordic country situated in the Fennoscandian region of Northern Europe. It is bordered by Sweden in the west, Norway in the north and Russia in the east, while Estonia lies to its south across the Gulf of Finland.Around 5.4 million people reside...
,
PolandPoland , officially the Republic of Poland , is a country in Central Europe bordered by Germany to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus and Lithuania to the east; and the Baltic Sea and Kaliningrad Oblast, a Russian exclave, to the north...
,
EstoniaEstonia , officially the Republic of Estonia , is a state in the Baltic region of Northern Europe. It is bordered to the north by the Gulf of Finland, to the west by the Baltic Sea, to the south by Latvia , and to the east by Lake Peipsi and the Russian Federation . Across the Baltic Sea lies...
,
LatviaLatvia , officially the Republic of Latvia , is a country in the Baltic region of Northern Europe. It is bordered to the north by Estonia , to the south by Lithuania , to the east by the Russian Federation , to the southeast by Belarus and shares maritime borders to the west with Sweden...
and
LithuaniaLithuania , officially the Republic of Lithuania is a country in Northern Europe, the biggest of the three Baltic states. It is situated along the southeastern shore of the Baltic Sea, whereby to the west lie Sweden and Denmark...
DNB markets itself as
DnB NORDDnB NORD is a European bank group in Estonia, Latvia, Lithuania and Poland. The bank is own by the Norwegian bank DnB NOR. DnB NORD has more than 3,000 employees, 160 branches, 675,000+ customers and assets totalling €5.1 billion...
in what was initially a joint venture with the German bank
Norddeutsche LandesbankThe Norddeutsche Landesbank is a German landesbank and one of the largest commercial banks in Germany. It is a public corporation owned by the federal states of Lower Saxony and Saxony-Anhalt with its head office in Hanover and branches in Braunschweig and Magdeburg.Nord/LB was established in 1765...
with DnB NOR owning full stake since December 23rd, 2010. DnB NORD has 930,000 customers and 163 Branch offices.
History
The history of the group goes back to 1822 with the establishment of
Christiania Sparebank. The present corporation consists of mergers between Christiania Sparebank (1822),
GjensidigeGjensidige Forsikring ASA is a Norwegian insurance company. Though the company has roots back to 1689 when the fire treasury at Nes was founded, Gjensidige in its present form was founded in 2003 when the insurance division of Gjensidige NOR was not made part of its merger with Den norske Bank...
(1847),
Bergens PrivatbankBergens Privatbank was a Norwegian commercial bank based in Bergen. It was established in 1855 and built a network of branches throughout the country. Jørgen Breder Faye was the first director and held the position until 1904. The bank merged with Bergens Kreditbank in 1975 to establish Bergen Bank....
(1855),
Den norske CreditbankDen norske Creditbank or DnC is a defunct Norwegian commercial bank created in 1857. In 1990 it merged with Bergen Bank to create Den norske Bank...
(1857),
FellesbankenFellesbanken was a Norwegian bank that existed between 1920 and 1985 with offices in Oslo, Norway. It was created as a central bank for the Norwegian savings banks as well as functioning as a commercial bank. It merged with Sparebanken Oslo/Akershus in 1985 to form Sparebanken ABC. It is now part...
(1920),
Bergens KreditbankBergens Kreditbank was a Norwegian commercial bank based in Bergen. It was established in 1928 with its main offices in Vågsallmenningen. It merged with Bergens Privatbank in 1975 to establish Bergen Bank....
(1928),
PostbankenPostbanken is a Norwegian bank that is part of the DnB NOR Group. The bank offers its services through the Norwegian post offices.-History:...
,
VitalVital Forsikring ASA, branded as Vital is Norway's largest life insurance and pension insurance company, and part of the DnB NOR Group. Though Vital has roots back to 1847, it was created in its present form by a merger between Vital and Gjensidige NOR's life insurance section after the mother...
and
NordlandsbankenNordlandsbanken is a Norwegian bank serving the County of Nordland. Nordlandsbanken is a wholly owned subsidiary of DnB NOR who bought the bank in 2003. It has total assets of NOK 22 billion and headquarters in Bodø. The bank has 17 branches.-History:...
. The name DnB NOR was adopted in 2003, when the two banks
Den norske BankDen norske Bank or DnB was a Norwegian bank that existed between 1990 and 2003 when it merged with Gjensidige NOR to form the present DnB NOR...
(DnB) and
Gjensidige NORGjensidige NOR was a Norwegian bank and insurance company that was in existence between 1999 and 2003. The company was created when the two savings banks Sparebanken NOR and Gjensidige were merged in 1999. In 2002 Norwegian savings banks were allowed to become public limited company and was...
merged in 2003. The company changed its legal name and brand to DNB in November 2011.
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