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DNB ASA

DNB
Allmennaksjeselskap
Traded as :
Industry Financial services
Founded 1822
Headquarters Oslo, Norway
Key people
Rune Bjerke (CEO), Anne Carine Tanum (Chairman)
Products Banking and insurance
Revenue NOK 53.993 billion (2015)
Profit NOK 24.762 billion (2015)
Total assets NOK 2.599 trillion (end 2015)
Total equity NOK 190.078 billion (end 2015)
Owner Norwegian government (34 %), DNB Savings Bank Foundation (9 %) As of June 2016
Number of employees
11,047 (average, 2015)
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 164 billion as per 20 May 2016. 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.

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.


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