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 the present DnB NOR. 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

DnB NOR web site

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

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

This article is issued from Wikipedia - version of the Friday, February 13, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.