DNB ASA (formerly DnB NOR ASA ) is Norway's largest financial group with total assets of more than NOK 2.599 trillion and NOK 164 billion market capitalization as of May 20, 2016. The Group includes brands such as DNB, Vital, Nordlandsbanken, Cresco, Postbanken, DnB NORD and Carlson. DNB is headquartered in Oslo .
| DNB | |
|---|---|
 | |
| Type of | Public company |
| Exchange listing | OSE : DNB |
| Base | 1822 |
| Location |  Norway : Oslo , Estland |
| Key figures | Rune Bierke ( CEO ) Ann Karin Tanum ( Chairman ) |
| Industry | Financial services |
| Products | Banking , Insurance |
| Turnover | NOK 53.993 billion (2015) [1] |
| Net profit | NOK 24.762 billion (2015) [1] |
| Assets | NOK 2.599 trillion (2015) [1] |
| Number of employees | 11,047 (2015) [1] |
| Affiliated companies | and |
| Site | www.dnb.no |
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 the basis for the sole purpose of owning part of the company. It was created when Gjensidige NOR was made by a limited liability company to ensure that the customers of these companies retain partial ownership of the company. The fund can also give up to 25% of dividends received as gifts for charitable purposes.
Content
Operations
DNB Bank has bank offices throughout the country. Although Postbanken and Nordlandsbanken are part of the company, they retain their own brands and offices. Postbanken offers its services through post offices while Nordlandsbanken has representative offices exclusively in the Nordland region. As of April 2011, Postbanken and its brand have been merged with the DNB Group.
DNB Bank Group is the largest facility in the DNB group and one of the largest in Norway, offering services in the field of corporate, retail securities markets and the public sector. In the domestic market, the group has investment bank DNB Markets, financial company Cresco, insurance company Vital, which is a provider of life insurance products and pension savings, real estate agency DNB Eiendom and DNB Asset Management, which acts as the 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 over 2.3 million retail customers and over 200,000 corporate customers, with 218 branches.
The group's activities are mainly concentrated in Norway; Nevertheless, it is one of the world's leading shipping banking groups and a major international player in the energy sector. It has an international network of 27 branches and representative offices, including in Helsinki ( Finland ), Copenhagen ( Denmark ), Hamburg ( Germany ), Luxembourg , London ( Great Britain ), New York ( USA ), Houston ( United States of America ), Rio de Janeiro ( Brazil ), Santiago ( Chile ), Shanghai ( China ) and Singapore . In addition, the company has several offices in Sweden .
In Denmark , Finland , Poland , Estonia , Latvia and Lithuania, DNB uses the name DnB NORD on the market because it was originally a joint venture of DNB with the German bank Norddeutsche Landesbank, which holds a full share from December 23, 2010 to November 11, 2011 , the bank has been renamed and adopted a common DNB brand in all of these countries. In these countries, DNB has 930,000 customers and 163 branch offices.
History
The history of the group dates back to 1822 with the creation of Christiania Sparebank . The current corporation consists of a merger 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, and the company changed its legal name and brand to DNB in November 2011. [2]
Notes
- ↑ 1 2 3 4 Annual Results 2015 (PDF). DNB Date of treatment April 4, 2016.
- ↑ DNBs history - DNB