DNB ASA: Difference between revisions

DNB ASA
Native name	DNB Bank ASA
Company type	Allmennaksjeselskap
Traded as	OSE: DNB
Industry	Financial services
Founded	1822; 202 years ago
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)
Net income	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 %); Sparebankstiftelsen DNB (9 %) As of June 2016
Number of employees	11,047 (average, 2015)
Subsidiaries	Cresco
Website	www.dnb.no

Browse history interactively

← Previous edit

Content deleted Content added

VisualWikitext

Inline

Latest revision as of 10:26, 24 October 2024

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

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

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]

References

^ ^a ^b ^c ^d ^e "Annual Results 2015" (PDF). DNB. Retrieved 4 April 2016.
^ "Shareholders - DNB". www.dnb.no. Retrieved 2016-12-27.
^ "Finn ditt DNB kontor i Norge". DNB. Retrieved August 28, 2020.
^ "DNB's history". About us. DNB. Retrieved 14 December 2015.
^ "European Commission clears Blackstone to buy Luminor". ERR. BNS. 2019-01-22. Retrieved 2019-02-06.

External links

Official website

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

[AR2010-1] "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.

[err220119-5] "European Commission clears Blackstone to buy Luminor". ERR. BNS. 2019-01-22. Retrieved 2019-02-06.

[1]

[2]

[3]

[4]

[5]

@@ Line 1: / Line 1: @@
+{{Short description|Financial services group}}
-{{Infobox company |
+{{Infobox company
-  name   = DNB|
+| name           = DNB ASA
-  type   = [[Allmennaksjeselskap]] |
+| native_name    = DNB Bank ASA
-  traded_as      = {{ose|DNB}}|
+| logo           = DNB_ASA_logo.svg
-  company_logo   = [[Image:DNB ASA.png|170px]]|
-  foundation     = 1822 |
+| logo_size      = 200px
-  location       = [[Oslo]], [[Norway]] |
+| type           = [[Allmennaksjeselskap]]
+| traded_as      = {{ose|DNB}}
-  key_people     = [[Rune Bjerke]] <small>([[chief executive officer|CEO]])</small>, [[Anne Carine Tanum]] <small>([[Chairman]])</small>|
+| area_served = Northern-Europe
-  industry       = [[Financial services]]|
+| key_people     = [[Kjerstin Braathen]] <small>([[chief executive officer|CEO]])</small>, [[Olaug Svarva]] <small>([[Chairman]])</small>
-  products       = [[Bank]]ing and [[insurance]] |
+| industry       = [[Financial services]]
-  revenue        = [[Norwegian krone|NOK]] 52.44 billion <small>(2015)</small><ref name="AR2010">{{cite web |url=https://www.dnb.no/portalfront/nedlast/no/om-oss/resultater/2015/annual-report-dnb-group-2015.pdf |title=Annual Results 2015 |accessdate=4 April 2016 |publisher=DNB|format=PDF}}</ref>|
+| products       = [[Bank]]ing and [[insurance]]
-  net_income     = NOK 23.222 billion <small>(2015)</small><ref name="AR2010" />|
+| revenue        = {{Increase}}[[Norwegian krone|NOK]] 53.993 billion <small>(2015)</small><ref name="AR2010">{{cite web |url=https://www.dnb.no/portalfront/nedlast/no/om-oss/resultater/2015/annual-report-dnb-group-2015.pdf |title=Annual Results 2015 |access-date=4 April 2016 |publisher=DNB|format=PDF}}</ref>
-  assets         = NOK 2.662 trillion <small>(end 2015)</small><ref name="AR2010" />|
-  equity         = NOK 173.41 billion <small>(end 2015)</small><ref name="AR2010" />|
+| net_income     = {{Increase}}NOK 24.762 billion <small>(2015)</small><ref name="AR2010" />
-  num_employees  = 11,047 <small>(average, 2015)</small><ref name="AR2010" /> |
+| assets         = {{Increase}}NOK 2.599 trillion <small>(end 2015)</small><ref name="AR2010" />
+| equity         = {{Increase}}NOK 190.078 billion <small>(end 2015)</small><ref name="AR2010" />
-  subsid         = [[Vital Forsikring]], [[Cresco (company)|Cresco]], [[Nordlandsbanken]], [[Postbanken]], [[Carlson (bank)|Carlson]], [[DnB NORD]] |
+| owner          = [[Norwegian government]] (34 %)<br />[[Sparebankstiftelsen DNB]] (9 %) {{as of|June 2016}}<ref>{{cite web|access-date=2016-12-27|title=Shareholders - DNB|url=https://www.dnb.no/en/about-us/investor-relations/dnb-share/shareholders.html|website=www.dnb.no}}</ref>
-  homepage       = [http://www.dnb.no/en www.dnb.no] |
+| num_employees  = 11,047 <small>(average, 2015)</small><ref name="AR2010" />
-  intl           = yes
+| subsid         = Cresco
+| homepage       = [http://www.dnb.no/en www.dnb.no]
+| foundation     = {{start date and age|1822}}
+| location       = [[Oslo]], [[Norway]]
 }}
-'''DNB ASA''' (formerly '''DnB NOR ASA''') is [[Norway]]'s largest [[financial services]] group with total combined assets of more than [[Norwegian krone|NOK]] 1.9 trillion and a market capitalisation [[Norwegian krone|NOK]] 196 billion as per 27 November 2014. The Group includes [[brands]] such as DNB, [[Vital Forsikring|Vital]], [[Nordlandsbanken]], [[Cresco (finance)|Cresco]], [[Postbanken]], [[DnB NORD]] and [[Carlson (bank)|Carlson]]. DNB's head office is located in [[Oslo]].
+'''DNB ASA''' (formerly '''DnB NOR ASA''') is [[Norway]]'s largest [[financial services]] group, with total combined assets of more than [[Norwegian krone|NOK]] 1.9 trillion and a market capitalisation [[Norwegian krone|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 NOR]] (10.0%). The latter was created as a [[stiftelse|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.
+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 [[stiftelse|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==
 [[File:DnB NOR Bergen.jpg|thumb|left|upright|DnB NOR offices in [[Bergen]] until December 2013]]
-In Norway DNB Bank has bank offices throughout the country. Though both [[Postbanken]] and [[Nordlandsbanken]] are part of the company, they retain their own [[brand]]s and offices. Postbanken offers its services through the [[Posten (Norway)|post offices]] while Nordlandsbanken has its offices exclusively in the [[Counties of Norway|county]] of [[Nordland]]. As of April 2011, Postbanken and its brand has been merged with the DNB Group.
-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 insurance company Vital who is a provider of life insurance products and pension savings, the real estate agency DNB Eiendom and DNB Asset Management, who operates as a 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 more than 2.3 million retail customers and more than 200,000 corporate clients, with 218 Branch offices.
+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.<ref>{{cite web|title=Finn ditt DNB kontor i Norge|url=https://www.dnb.no/om-oss/kontorer/kontorer.html|publisher=DNB|access-date=August 28, 2020}}</ref>
 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 City|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 markets itself as [[DnB NORD]] in what was initially a joint venture with the German bank [[NORD/LB|Norddeutsche Landesbank]] with DNB owning full stake since December 23, 2010. DNB NORD has 930,000 customers and 163 Branch offices.
+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 [[NORD/LB|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==
-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 Forsikring|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. The company changed its legal name and brand to DNB in November 2011.<ref>{{cite web|title=DNB's history|url=https://www.dnb.no/en/about-us/about-dnb/history.html|website=About us|publisher=DNB|accessdate=14 December 2015}}</ref>
+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 Forsikring|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.<ref>{{cite web|title=DNB's history|url=https://www.dnb.no/en/about-us/about-dnb/history.html|website=About us|publisher=DNB|access-date=14 December 2015}}</ref>
+In August 2017, DNB and [[Nordea]] combined their operations in Estonia, Latvia, and Lithuania to create [[Luminor Bank]].<ref name=err220119>
+{{cite news
+ | work = [[Eesti Rahvusringhääling|ERR]]
+ | agency = [[Baltic News Service|BNS]]
+ | title = European Commission clears Blackstone to buy Luminor
+ | url = https://news.err.ee/902757/european-commission-clears-blackstone-to-buy-luminor
+ | date = 2019-01-22
+ | access-date = 2019-02-06}}
+</ref>
 == See also ==
+{{Portal|Banks}}
 * [[List of oldest companies]], which includes Gjensidige NOR
 ==References==
-{{reflist}}
+{{Reflist}}
 ==External links==
-{{commons category|DnB NOR}}
+{{Commons category|DnB NOR}}
-* {{official website|http://www.dnb.no/en}}
+* {{Official website|http://www.dnb.no/en}}
 {{DnB NOR}}
@@ Line 50: / Line 64: @@
 {{Norwegian state banks}}
 {{Members of Euro Banking Association}}
+{{Authority control}}
-{{coord|59|54|35.08|N|10|43|32.12|E|type:landmark|display=title}}
+{{Coord|59|54|35.08|N|10|43|32.12|E|type:landmark|display=title}}
+[[Category:DNB ASA| ]]
 [[Category:Banks of Norway]]
 [[Category:Banks established in 1822]]
-[[Category:1822 establishments in Norway]]
 [[Category:Companies based in Oslo]]
 [[Category:Companies listed on the Oslo Stock Exchange]]
 [[Category:Norwegian brands]]
-[[Category:DNB ASA|*]]
+[[Category:Norwegian companies established in 1822]]

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 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