DNB ASA
Financial services group / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about DnB NOR?
Summarize this article for a 10 year old
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)[1] |
NOK 24.762 billion (2015)[1] | |
Total assets | NOK 2.599 trillion (end 2015)[1] |
Total equity | NOK 190.078 billion (end 2015)[1] |
Owner | Norwegian government (34 %), DNB Savings Bank Foundation (9 %) As of June 2016[update][2] |
Number of employees | 11,047 (average, 2015)[1] |
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.