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 196 billion as per 27 November 2014. 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.

Operations

In Norway 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.