DNB ASA

DNB ASA
Native name	Den Norske Bank
Type	Allmennaksjeselskap
Traded as	OSE: DNB
Industry	Financial services
Founded	1822
Headquarters	Oslo, Norway
Area served	Northern-Europe
Key people	Kjerstin Braathen (CEO), Olaug Svarva (Chairman)
Products	Banking and insurance
Revenue	NOK 53.993 billion (2015)
Net income	NOK 24.762 billion (2015)
Total assets	NOK 2.599 trillion (end 2015)
Total equity	NOK 190.078 billion (end 2015)
Owner	Norwegian government (34 %), DNB Savings Bank Foundation (9 %) As of June 2016
Number of employees	11,047 (average, 2015)
Subsidiaries	, Cresco
Website	www.dnb.no

DNB ASA (formerly DnB NOR ASA) is Norway's largest financial services group with total combined assets of more than NOK 1.9 trillion and a market capitalisation NOK 164 billion as of 20 May 2016. DNB's head office is located in Oslo.

The two largest owners of DNB 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[]

DnB NOR offices in Bergen until December 2013

The DNB 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 Markets, the finance company Cresco, the real estate agency DNB Eiendom and DNB Asset Management, who operates as a fund manager for institutional clients in Norway and Sweden. DNB has the largest customer base in the Norwegian financial market. In Norway, DNB has more than 2.3 million retail customers and more than 200,000 corporate clients, with 61 branch offices.^[3]

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 (Finland), Copenhagen (Denmark), Hamburg (Germany), Luxembourg, London (United Kingdom), New York (United States), Houston (United States), Rio de Janeiro (Brazil), Santiago (Chile), Shanghai (China) and Singapore. The company also has multiple offices in Sweden.

In Denmark, Finland, Poland, Estonia, Latvia and Lithuania DNB used to market itself as DnB NORD in what was initially a joint venture with the German bank Norddeutsche Landesbank with DNB owning full stake since December 23, 2010. On November 11, 2011, the bank was rebranded and adopted the common DNB brand throughout these countries. In these countries, DNB 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 (1822), Gjensidige (1847), Bergens Privatbank (1855), Den norske Creditbank (1857), Fellesbanken (1920), Bergens Kreditbank (1928), Postbanken, Vital and Nordlandsbanken. The name DnB NOR was adopted in 2003, when the two banks Den norske Bank (DnB) and Gjensidige NOR merged in 2003. The company changed its legal name and brand to DNB in November 2011.^[4]

In August 2017, DNB and Nordea combined their operations in Estonia, Latvia and Lithuania to create Luminor Bank.^[5]

References[]

^ Jump up to: ^a ^b ^c ^d ^e "Annual Results 2015" (PDF). DNB. Retrieved 4 April 2016.
^ "Shareholders - DNB". www.dnb.no. Retrieved 2016-12-27.
^ "Finn ditt DNB kontor i Norge". DNB. Retrieved August 28, 2020.
^ "DNB's history". About us. DNB. Retrieved 14 December 2015.
^ "European Commission clears Blackstone to buy Luminor". ERR. BNS. 2019-01-22. Retrieved 2019-02-06.

External links[]

Official website

Coordinates: 59°54′35.08″N 10°43′32.12″E / 59.9097444°N 10.7255889°E / 59.9097444; 10.7255889

[AR2010-1] Jump up to: ^a ^b ^c ^d ^e "Annual Results 2015" (PDF). DNB. Retrieved 4 April 2016.

[2] "Shareholders - DNB". www.dnb.no. Retrieved 2016-12-27.

[3] "Finn ditt DNB kontor i Norge". DNB. Retrieved August 28, 2020.

[4] "DNB's history". About us. DNB. Retrieved 14 December 2015.

[err220119-5] "European Commission clears Blackstone to buy Luminor". ERR. BNS. 2019-01-22. Retrieved 2019-02-06.

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[2]

[3]

[4]

[5]

show v t DnB NOR Group
Companies	Cresco DnB NOR DnB NORD Nordlandsbanken Postbanken Sparebankstiftelsen DnB NOR Vital
Heritage	Bergen Bank Bergens Kreditbank Bergens Privatbank Den norske Bank Den norske Creditbank Fellesbanken Gjensidige Gjensidige NOR Skandia Asset Management Sparebanken ABC Sparebanken NOR
Brands	American Express Cresco Postbanken Vital

show v t Norwegian state banks
State banks	Educational Loan Fund Housing Bank Norges Bank Public Service Pension Fund
Shared ownership	DNB Kommunalbanken
Heritage	Agriculture Bank Den norske Bank Kredittkassen Norges Hypotekbank Postbanken

show v t Selected members of the Euro Banking Association
Austria	Allgemeine Sparkasse Oberosterreich Bank für Tirol und Vorarlberg Erste Group Bank Oberbank Oesterreichische Nationalbank Raiffeisen Bank International Raiffeisenlandesbank Oberösterreich Raiffeisen-Landesbank Tirol UniCredit Bank Austria
Belgium	Dexia Bank KBC Bank
Cyprus	Bank of Cyprus Hellenic Bank
Denmark	Arbejdernes Landsbank Danske Bank Jyske Bank Ringkøbing Landbobank Spar Nord Bank Sparekassen Sjælland Sydbank
Finland	Aktia Bank Bank of Åland Nordea Bank Pohjola Bank S-Bank Tapiola Bank
France	Banque Palatine BNP Paribas BPCE BRED Banque Populaire Crédit Agricole Crédit du Nord HSBC France La Banque postale Natixis Société Générale
Germany	Berenberg Bank BHF Bank Commerzbank Deutsche Bank Deutsche Bundesbank DZ Bank Hamburger Sparkasse JP Morgan Chase Bank Landesbank Baden-Württemberg Landesbank Berlin Holding Landesbank Hessen-Thüringen Oldenburgische Landesbank The Bank of New York Mellon, Frankfurt Branch VTB Bank (Deutschland)
Greece	Alpha Bank Eurobank Ergasias National Bank of Greece Piraeus Bank
Hungary	Budapest Bank CIB Bank Erste Bank FHB Mortgage Bank Hanwha Bank Hungarian Development Bank Hungarian National Bank K&H Bank MagNet Bank MKB Bank OTP Bank Raiffeisen Bank Sberbank Europe Group Takarékbank UniCredit
Ireland	Allied Irish Banks Bank of Ireland
Italy	Banca Monte dei Paschi di Siena Banca Nazionale del Lavoro Banca Popolare del Lazio Banca Popolare di Sondrio Banca Sella Banco BPM BPER Banca Cassa di Risparmio di Fermo Cassa di Risparmio di Ravenna Credito Emiliano Credito Valtellinese ICCREA Banca Intesa Sanpaolo Nexi Raiffeisen Landesbank Südtirol UBI Banca UniCredit
Luxembourg	Banque et Caisse d'Épargne de l'État Banque Raiffeisen Banque Internationale à Luxembourg KBL European Private Bankers
Netherlands	ABN Amro Bank De Nederlandsche Bank ING Bank Rabobank Nederland
Portugal	Banco BPI Banco BCP Caixa Geral de Depósitos Novo Banco
Slovenia	Banka Slovenije
Spain	Abanca Banco Bilbao Vizcaya Argentaria Banco Sabadell Banco Santander Bankia Bankinter CaixaBank Ibercaja Banco Kutxabank Unicaja Banco CECABANK
Sweden	Skandinaviska Enskilda Banken Svenska Handelsbanken Swedbank
United Kingdom	Barclays Citibank DNB Bank (NOR) HSBC Bank JPMorgan Chase Bank, London Branch MUFG Bank Kookmin Bank International Lloyds Bank MashreqBank (UAE) Royal Bank of Scotland UBS Wells Fargo Bank
Non-EU	Bank of China (CHN)

show Authority control
General	Integrated Authority File (Germany) ISNI 1 VIAF 1 WorldCat
National libraries	United States

DNB ASA

Contents

Operations[]

History[]

See also[]

References[]

External links[]

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Aker Aker BP BW Offshore Bakkafrost DNB DNO Entra Equinor Frontline Gjensidige Forsikring Lerøy Seafood Group Mowi NEL Norsk Hydro Orkla SalMar Scatec Solar Storebrand Subsea 7 Telenor TGS-NOPEC Tomra Yara International
See also: Companies listed on the Oslo Stock Exchange