DNB ASA
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.
Native name | DNB Bank ASA |
|---|---|
| Company type | Allmennaksjeselskap |
| OSE: DNB | |
| Industry | Financial services |
| Founded | 1822 |
| 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) |
| 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 | Cresco |
| Website | 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 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.
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