- Den norske Bank
Den norske Bank Industry Banking Fate Merged Successor DnB NOR Founded 1990 Headquarters Bergen, Norway Products Postbanken, Cresco, American Express Parent Norwegian Ministry of Finance
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.
DnB NOR Group Companies Heritage Brands Norwegian state banks State banks Shared ownership Heritage
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