DNB ASA

DNB

Type	Allmennaksjeselskap
Traded as	OSE: DNB
Industry	Financial services
Founded	1822
Headquarters	Oslo, Norway
Key people	Rune Bjerke (CEO), Anne Carine Tanum (Chairman)
Products	Banking and insurance
Revenue	NOK 52.444 billion (2015)^[1]
Profit	NOK 23.222 billion (2015)^[1]
Total assets	NOK 2.662 trillion (end 2015)^[1]
Total equity	NOK 173.412 billion (end 2015)^[1]
Number of employees	11,047 (average, 2015)^[1]
Subsidiaries	Vital Forsikring, Cresco, Nordlandsbanken, Postbanken, Carlson, DnB NORD
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 196 billion as per 27 November 2014. The Group includes brands such as DNB, Vital, Nordlandsbanken, Cresco, Postbanken, DnB NORD and Carlson. 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

In Norway DNB 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 Group.

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 insurance company Vital who is a provider of life insurance products and pension savings, 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 and is a leader in most domestic market segments. In Norway, DNB 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 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 markets 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. 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), 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.^[2]

References

1 2 3 4 5 "Annual Results 2015" (PDF). DNB. Retrieved 4 April 2016.
↑ "DNB's history". About us. DNB. Retrieved 14 December 2015.

External links

Wikimedia Commons has media related to DnB NOR.

Official website

DnB NOR Group

Companies	Autolease Carlson Investment Management Cresco DnB NOR DnB NORD DnB NOR Eiendom DnB NOR Markets Netaxept Nordlandsbanken Postbanken Sparebankstiftelsen DnB NOR Vital

Heritage	Bergen Bank Bergens Kreditbank Bergens Privatbank Christiania Sparebank Den norske Bank Den norske Creditbank Fellesbanken Forenede Forsikring Gjensidige Gjensidige NOR Skandia Asset Management Sparebanken ABC Sparebanken NOR Sparebanken Oslo/Akershus

Brands	American Express Cresco Postbanken Vital

OBX companies of Norway

Aker Solutions Cermaq DNB DNO International Fred. Olsen Energy Frontline Gjensidige Golar LNG Marine Harvest Norsk Hydro Orkla Petroleum Geo-Services Prosafe Renewable Energy Corporation Royal Caribbean Cruises Schibsted Seadrill Statoil Storebrand Subsea 7 Telenor TGS-NOPEC Yara

See also: Companies listed on the Oslo Stock Exchange

Norwegian state banks

State banks	Educational Loan Fund Housing Bank Norges Bank Public Service Pension Fund

Shared ownership	DnB NOR Kommunalbanken

Heritage	Agriculture Bank Den norske Bank Kredittkassen Norges Hypotekbank Postbanken

Members of Euro Banking Association

Austria	Allgemeine Sparkasse Oberosterreich Bank für Tirol und Vorarlberg AG BKS Bank AG Erste Group Bank AG Oberbank AG Oesterreichische Nationalbank Raiffeisen Zentralbank Österreich AG Raiffeisenlandesbank Oberösterreich AG Raiffeisen-Landesbank Tirol AG Steiermärkische Bank und Sparkassen AG

Belgium	Dexia Bank NV KBC Bank NV Bank van De Post

Cyprus	Bank of Cyprus Hellenic Bank

Denmark	Amagerbanken A/S Arbejdernes Landsbank A/S Danske Andelskassers Bank A/S Danske Bank A/S DiBa Bank A/S Djurslands Bank A/S Jyske Bank A/S Nordjyske Bank A/S Nørresundby Bank Østjydsk Bank A/S Ringkøbing Landbobank Roskilde Bank A/S Skjern Bank Spar Nord Bank Sparekassen Sjælland Sydbank A/S Vestfyns Bank A/S Vestjysk Bank

Finland	Aktia Bank PLC Bank of Åland PLC Pohjola Bank PLC S-Bank LTD. Tapiola Bank LTD

France	Banque Michel Inchauspé - BAMI Banque Palatine BNP Paribas SA BPCE BRED Banque Populaire Crédit Agricole SA Crédit Coopératif Crédit du Nord Crédit Mutuel Arkéa Credit Mutuel CIC Banque HSBC France La Banque postale Natixis Société Générale

Germany	Berenberg Bank BHF Bank Bremer Landesbank Commerzbank AG Deutsche Bank AG Deutsche Bundesbank Deutsche Postbank DZ Bank AG Europe Arab Bank Frankfurt Hamburger Sparkasse AG J.P. Morgan Chase Bank AG Landesbank Baden-Württemberg Landesbank Berlin Holding Landesbank Hessen-Thüringen Oldenburgische Landesbank SECB Swiss EURO CLEARING Bank GmbH The Bank of New York Mellon, Frankfurt Branch VTB Bank (Deutschland) AG

Greece	Alpha Bank SA Eurobank Ergasias SA National Bank of Greece SA Piraeus Bank SA

Hungary	Magyar Nemzeti Bank OTP Bank FHB Mortgage Bank Merkantil Bank Kereskedelmi és Hitelbank Magyar Takarékszövetkezeti Bank MKB Bank Porsche Bank Hungaria Kinizsi Bank MagNet Bank Hanwha Bank Budapest Hitel- és Fejlesztési Bank

Ireland	Allied Irish Banks Bank of Ireland

Italy	Banca Agricola Popolare di Ragusa Banca del Fucino Banca del Piemonte Banca delle Marche Banca di Imola Banca Monte dei Paschi di Siena Banca Nazionale del Lavoro Banca Popolare del Lazio Banca Popolare dell'Emilia Romagna Banca Popolare di Milano Banca Popolare di Sondrio Banca Popolare di Vicenza Banca Sella Banca Tercas Banco Popolare Cassa di Risparmio della Provincia di Chieti Cassa di Risparmio di Cesena Cassa di Risparmio di Fermo Cassa di Risparmio di Ferrara Cassa di Risparmio di Loreto Cassa di Risparmio di Ravenna Credito Emiliano Credito Valtellinese ICCREA Banca Intesa Sanpaolo Istituto Centrale delle Banche Popolari Italiane Raiffeisen Landesbank Südtirol – Cassa Centrale Raiffeisen dell'Alto Adige Südtiroler Volksbank – Banca Popolare dell'Alto Adige UBI Banca UniCredit Veneto Banca

Luxembourg	Banque et Caisse d'Épargne de l'État Banque Raiffeisen Banque Internationale à Luxembourg SA KBL European Private Bankers Société Générale Bank & Trust

Netherlands	ABN Amro Bank NV De Nederlandsche Bank ING Bank NV Rabobank Nederland

Poland	Bank BPH SA Narodowy Bank Polski

Portugal	Banco BPI SA Banco Comercial Português Crédito Agrícola Caixa Geral de Depósitos Novo Banco

Slovenia	Banka Slovenije

Spain	Banco Bilbao Vizcaya Argentaria, S.A. Banco Popular Español, S.A. Banco Sabadell, S.A. Bankinter, S.A. Banco Santander, S.A. CaixaBank, S.A. (La Caixa) Catalunya Banc, S.A. (CatalunyaCaixa) Kutxabank, S.A. ABANCA Corporación Bancaria, S.A. (Abanca) Caja Laboral Popular, Cooperativa de Crédito (Caja Laboral) Banco Cooperativo Español, S.A. (Caja Rural) CECABANK, S.A.

Sweden	Skandinaviska Enskilda Banken Svenska Handelsbanken Swedbank AB Nordea Bank AB

United Kingdom	Bank of Tokyo-Mitsubishi UFJ Ltd. Barclays Bank PLC Citibank NA DNB Bank (NOR) HSBC Bank PLC JPMorgan Chase Bank, N.A., London Branch Kookmin Bank International Ltd. Lloyds Bank PLC MashreqBank psc (UAE) Royal Bank of Scotland PLC UBS AG Wells Fargo Bank NA

Non-EU	Bank of China (CHN)

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

This article is issued from Wikipedia - version of the Monday, April 04, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.

DNB ASA

Operations

History

See also

References

External links