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Sparebank
Sparebank is a Norwegian savings bank without external owners. The Norwegian sparebanks are a separate type of juridical entity that differ from commercial banks. There are a total of 123 savings banks in Norway. History The first savings bank was created in 1822, and in the following 75 years savings banks were set up in most municipalities of Norway. The banks had both a savings upbringing function for the commoners (so they did not have to burden society when they got sick and old) and served an important part in local communities development and self-financing. Historically the savings banks concentrated on private customers, combined with small businesses and the primary sector. Loans were financed through deposits. Today the differences between savings banks and commercial banks are smaller, partially because savings banks now can issue stock-like '' grunnfondsbevis'' where the owners are both given dividend and representation in the governing bodies of the banks. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking In Norway ...
This contains a list of banks in Norway. There are three types of banks in Norway: commercial banks, savings banks (Norwegian: Sparebank) and branches of foreign banks. Commercial banks Savings banks Foreign branches External links The Financial Supervisory Authority of NorwayRegistry of Financial Institutions {{List of banks in Europe Norway Banks Norway Norway, officially the Kingdom of Norway, is a Nordic country in Northern Europe, the mainland territory of which comprises the western and northernmost portion of the Scandinavian Peninsula. The remote Arctic island of Jan Mayen and the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sparebank 1
SpareBank 1 is a Norwegian alliance and brand name for a group of savings banks. The alliance is organised through the holding company ''SpareBank 1 Gruppen AS'' owned by the participating banks. In total the alliance is Norway's second largest bank with total assets of NOK 625 billion, 352 branches and 6300 employees. The alliance has its head office in Oslo, Norway. The banks in the SpareBank 1 Alliance distribute SpareBank 1 groups' products and collaborate in key areas such as brands, work processes, expertise development, IT operations and system development. Companies in the group include the mutual fund company ODIN Forvaltning, the life insurance company ''SpareBank 1 Livsforsikring'', the insurance company ''SpareBank 1 Skadeforsikring'', the credit card company ''SpareBank 1 Medlemskort'', ''SpareBank 1 Utvikling'', the commercial bank ''Bank 1 Oslo'', the car finance company ''SpareBank 1 Bilplan'' (19.9%) and the securities company ''First Securities'' (24.5%). Histo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norwegian Savings Banks Association
The Norwegian Savings Banks Association ( no, Sparebankforeningen) is the trade organization for savings banks in Norway. It was founded in 1914 as ''Centralforeningen for Norges Sparebanker''. Director since 2002 is Arne Hyttnes. The board currently consists of Stein Hannevik (chair), Liv Fiksdahl, Helge Roar Dalen, Finn Haugan, Elisabeth Johansen, Hilde Kraggerud, Anlaug Johansen, Olav Arne Fiskerstrand and Ivar Fjærtoft. In 2010 it founded the cooperation organization Finance Norway together with the Norwegian Financial Services Association. Both organizations still exist, but not their respective "service offices", whose tasks were taken over by Finance Norway. The headquarters are in Oslo Oslo ( , , or ; sma, Oslove) is the capital and most populous city of Norway. It constitutes both a county and a municipality. The municipality of Oslo had a population of in 2022, while the city's greater urban area had a population .... References External links Off ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gjensidige NOR
Gjensidige NOR was a Norway, Norwegian bank and insurance company that was in existence between 1999 and 2003. The company was created when the two savings banks Sparebanken NOR (bank) and Gjensidige (insurance) were merged in 1999. In 2002 Norwegian savings banks were allowed to become public limited company and was listed on the Oslo Stock Exchange. In 2003 the company was merged with Den norske Bank to form DnB NOR, while the original insurance company Gjensidige was demerged and again became a separate company in 2005. When the company was made a public limited company, a foundation was created to own part of the corporation, which still exists as Sparebankstiftelsen DnB NOR and owns 10.95% of DnB NOR. After the demerger, Gjensidige became a Sparebank, self-owning institution. References External links Gjensidige web siteDnB NOR web site Defunct banks of Norway Financial services companies of Norway Companies formerly listed on the Oslo Stock Exchange Former mutual ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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. 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 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DnB NOR
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 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 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Terra-Gruppen
Eika Gruppen, formerly Terra-Gruppen, branded as Terra is a strategic alliance among 77 local Norwegian savings banks that co-ordinates work within the areas defined as falling within the alliance. The group supplies products and services to banks and other actors within the financial sector. The services of Eika include product development, procurement of services and products relating to information technology and payment processing, project management, training and expertise development. The financial companies provides a wide range of financial products, including securities, insurance and real estate agencies, financing and debit cards and credit cards. The alliance has its headquarters in Oslo, Norway, and the ownerbanks has a total assets of NOK 250 billion. Subsidiaries * Aktiv Eiendomsmegling (real estate agencies incl franchise) * Aktiv Eiendomsoppgjør (real estate services) * Eika BoligKreditt (mortgage finance) * Eika Kredittbank (credit and debit cards, consumer f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gjensidige
Gjensidige Forsikring ASA is a Norwegian insurance company. The company traces its roots back to 1816 when a fire mutual was founded as ''Land Gjensidige Brandkasse'' in what is today Innlandet county. Gjensidige demutualised and listed on the Oslo Stock Exchange in December 2010. The firm, headquartered in Oslo, has a market share of some 26% (2021) in the Norwegian insurance market. The company has 36 branch offices in Norway, not including affiliated fire mutuals, and 1 million customers. Gjensidige has subsidiaries in Denmark, Sweden and The Baltics. The company offers all kinds of insurance for retail customers, agriculture and business. It also offers pensions and savings products. History Although the company traces its roots back to 1816, the brand name Gjensidige originates from the life insurance company Christiania almindelige gjensidige forsørgelsesanstalt that was established in 1847. In the early 1970s the p&c-company traded under the name Samtrygd, whereas the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Savings Bank
A savings bank is a financial institution whose primary purpose is accepting savings account, savings deposits and paying interest on those deposits. History of banking, They originated in Europe during the 18th century with the aim of providing access to Wealth, savings products to all levels in the population. Often associated with social good, these early banks were often designed to encourage low-income people to Saving, save money and have access to banking services. They were set up by governments or by socially committed groups or organisations such as with credit unions. The structure and legislation took many different forms in different countries over the 20th century. Savings banks and Savings and loan association, savings-and-loans are often confused. The original function of savings banks to service consumers was limited to savings. Savings banks invested in Government debt, government and Corporate bond, corporate debt. Savings and loan associations had a dual p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allmennaksjeselskap
''Aksjeselskap'' is the Norwegian term for a stock-based company. It is usually abbreviated AS, historically often written as A/S. An AS is always a limited company, i.e. the owners cannot be held liable for any debt beyond the stock capital. Public companies are called Allmennaksjeselskap (ASA), while companies without limited liability are called '' Ansvarlig selskap'' (ANS). All AS companies must have a stock capital of at least NOK 30,000. In addition, they must have a board of directors, depending on the size of turnover, balance sheet total or number of employees, an auditor. They may appoint a managing director (MD) or chief executive (CEO). If the company has assets exceeding NOK 3 million, the board must have at least three members and cannot be chaired by the MD/CEO. Practically all Norwegian companies have a fiscal year from January to December, but some foreign subsidiaries may have a different fiscal year, as is allowed, to match the parent corporation. The ASA ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dividend
A dividend is a distribution of profits by a corporation to its shareholders. When a corporation earns a profit or surplus, it is able to pay a portion of the profit as a dividend to shareholders. Any amount not distributed is taken to be re-invested in the business (called retained earnings). The current year profit as well as the retained earnings of previous years are available for distribution; a corporation is usually prohibited from paying a dividend out of its capital. Distribution to shareholders may be in cash (usually a deposit into a bank account) or, if the corporation has a dividend reinvestment plan, the amount can be paid by the issue of further shares or by share repurchase. In some cases, the distribution may be of assets. The dividend received by a shareholder is income of the shareholder and may be subject to income tax (see dividend tax). The tax treatment of this income varies considerably between jurisdictions. The corporation does not receive a tax deduct ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
