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DnB NOR ASA is Norway's largest financial services group with total combined assets of more than NOK 2.0 trillion. The Group includes brands such as DnB NOR, Vital, Nordlandsbanken, Cresco, Postbanken, DnB NORD and Carlson. The bank'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.
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. The group's activities are primarily focused on Norway; however, it is one of the world's foremost shipping banks and a major international player in the energy sector. It has an international network of 27 branches and representative offices, including Helsinki, Copenhagen, Hamburg, Luxembourg, London, New York, Houston, Shanghai and Singapore. The company also has multiple offices in Sweden. The Bank also operates on the Cayman Islands to increase its profit.
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), Gjensidige (1847), Bergens Privatbank (1855), Den norske Creditbank (1857), Fellesbanken (1920), Bergens Kreditbank (1928), Postbanken, Vital and Nordlandsbanken. The current name stems from 2003, when the two banks Den norske Bank (DnB) and Gjensidige NOR merged in 2003. |
