DNB ASA

Financial services group

DNB ASA

Native name

| DNB Bank ASA
Company type| Allmennaksjeselskap

Traded as

| OSE: DNB
Industry| Financial services
Founded| 1822; 202 years ago (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)[1]

Net income

| NOK 24.762 billion (2015)[1]
Total assets| NOK 2.599 trillion (end 2015)[1]
Total equity| NOK 190.078 billion (end 2015)[1]
Owner| Norwegian government (34 %)
Sparebankstiftelsen DNB (9 %) As of June 2016[update][2]

Number of employees

| 11,047 (average, 2015)[1]
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 (10.0%). The latter was created as a foundation with the sole purpose of owning a part of the company. It was created when Gjensidige NOR was made a public limited company to ensure that the company's customers retained partial ownership of the company. The foundation can also give up to 25% of its received dividend as gifts to charity.

## Operations

[edit]

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, which 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 a 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

[edit]

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 were merged. 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]

## See also

[edit]

* Banks portal

* List of oldest companies, which includes Gjensidige NOR

## References

[edit]

1. ^ 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.
5. ^ "European Commission clears Blackstone to buy Luminor". ERR. BNS. 2019-01-22. Retrieved 2019-02-06.

## External links

[edit]

Wikimedia Commons has media related to DnB NOR.

* Official website

* v
* t
* e

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

* v
* t
* e

OBX companies of Norway

* Aker
* Aker BP
* BW Offshore
* BW LPG
* Bakkafrost
* DNB
* DNO
* Entra
* Equinor
* Frontline
* Gjensidige Forsikring
* Lerøy Seafood Group
* Mowi
* NEL
* Norsk Hydro
* Orkla
* SalMar
* Scatec Solar
* Schibsted
* Storebrand
* Subsea 7
* Telenor
* TGS-NOPEC
* Tomra
* Yara International

See also: Companies listed on the Oslo Stock Exchange

* v
* t
* e

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

* v
* t
* e

Members of the Euro Banking Association

Austria|

* Bank für Tirol und Vorarlberg
* BKS Bank
* Erste Group Bank
* Oberbank
* Oesterreichische Nationalbank
* Raiffeisen Bank International
* Raiffeisenlandesbank Oberösterreich
* UniCredit Bank Austria

Belgium|

* Belfius
* BNP Paribas Fortis
* bpost bank
* KBC Bank

Cyprus|

* Bank of Cyprus
* Hellenic Bank

Denmark|

* Danske Bank
* Spar Nord Bank
* Sparekassen Sjælland
* Sydbank

Finland|

* Aktia Bank
* Bank of Åland
* DnB Bank
* Nordea Bank
* Pohjola Bank
* S-Bank

France|

* BNP Paribas
* BPCE
* BRED Banque Populaire
* Crédit Agricole
* Crédit Mutuel Arkéa
* My Money Bank
* La Banque postale
* Société Générale

Germany|

* Bank of America Europe (USA)
* Bank of China (CHN)
* Berenberg Bank
* Commerzbank
* Deutsche Bank
* Deutsche Bundesbank
* DZ Bank
* Landesbank Baden-Württemberg
* Landesbank Hessen-Thüringen
* SECB Swiss Euro Clearing Bank
* Standard Chartered
* UBS Europe
* Unicredit

Greece|

* Alpha Bank
* Eurobank Ergasias
* National Bank of Greece

Hungary|

* OTP Bank

Ireland|

* Allied Irish Banks
* Bank of Ireland
* Elavon

Italy|

* Banca del Fucino
* Banca Monte dei Paschi di Siena
* Banca Popolare del Lazio
* Banca Popolare di Sondrio
* Banca Sella
* Banco BPM
* BFF Bank
* BPER Banca
* Cassa di Risparmio di Fermo
* Credito Emiliano
* ICCREA Banca
* Intesa Sanpaolo
* Raiffeisen Landesbank Südtirol
* UniCredit

Luxembourg|

* Spuerkeess
* Banque Internationale à Luxembourg
* Gazprombank Luxembourg (RUS)

Netherlands|

* ABN AMRO
* De Nederlandsche Bank
* ING Bank
* Rabobank

Portugal|

* Banco BAI Europa (AGO)
* Banco BCP
* Banco Montepio
* Crédito Agrícola

Slovenia|

* Bank of Slovenia

Spain|

* Abanca
* BBVA
* Banco Cooperativo Español
* Banco Sabadell
* Banco Santander
* Bankinter
* CaixaBank
* Cecabank
* Ibercaja Banco
* Kutxabank
* Unicaja Banco

Sweden|

* Handelsbanken
* SEB
* Swedbank

United
Kingdom|

* Barclays
* Citibank Europe (USA)
* HSBC Bank
* JPMorgan Chase Bank, London Branch (USA)
* Lloyds Bank
* MUFG Bank (JPN)
* NatWest
* Wells Fargo (USA)

Authority control databases

International|

* ISNI
* VIAF

National|

* Germany
* United States

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