Den norske Bank

Den norske Bank
Industry Banking
Fate Merged
Successor DnB NOR
Founded 1990
Defunct 1999
Headquarters Bergen, Norway
Products Postbanken, Cresco, American Express
Parent Norwegian Ministry of Finance

Den norske Bank or DnB was a Norwegian bank that existed between 1990 and 2003 when it merged with Gjensidige NOR to form DnB NOR (now DNB ASA). The bank's headquarters were in Bergen, Norway.

DnB was created as a merger between Bergen Bank and Den norske Creditbank in 1990 after a major downturn in the economy, especially affecting the banks, who lost vast amounts of money due to misheld loans and falling housing prices. The state held a majority ownership in the bank in addition to its being listed on the Oslo Stock Exchange. In 1996, DnB bought Vital Forsikring and in 1999 it merged with Postbanken.

External links


This article is issued from Wikipedia - version of the Wednesday, February 24, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.