Nokas Cash Handling (former ) is a

Norwegian Norwegian, Norwayan, or Norsk may refer to: *Something of, from, or related to Norway, a country in northwestern Europe *Norwegians, both a nation and an ethnic group native to Norway *Demographics of Norway *The Norwegian language, including the ...

company offering management, control and distribution of

cash In economics, cash is money in the physical form of currency, such as banknotes and coins. In bookkeeping and financial accounting, cash is current assets comprising currency or currency equivalents that can be accessed immediately or near-imm ...

to Norwegian banks, headquartered 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 of ...

. The company is owned 100% by Nokas AS. In 2008, the company had a revenue of and a net income of NOK 27 million. Nokas Cash Handling was established in 2001, when services previously provided by the

Bank of Norway Norges Bank / Noregs Bank is the central bank of Norway. The bank shall promote economic stability in Norway. Norges Bank also manages the Government Pension Fund of Norway and the bank’s own foreign exchange reserves. History The history of ...

and several individual banks were taken over by a third party. In 2007, the security company

Hafslund Hafslund is a borough located east of the city centre in the city of Sarpsborg, Norway, Before 1992, Hafslund was a part of Skjeberg municipality. The name Hafslund, which is composed of ''Hafr'', the Old Norse name for husband and ''lundr'' mean ...

and several banks, including

Danske Bank Danske Bank A/S is a Danish multinational banking and financial services corporation. Headquartered in Copenhagen, it is the largest bank in Denmark and a major retail bank in the northern European region with over 5 million retail customers. ...

Sparebank 1 Gruppen 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 ba ...

Sparebanken Hedmark SpareBank 1 Østlandet is the fourth largest Norway, Norwegian savings bank and is based in eastern Norway. The bank´s major market is in the counties of Innlandet, Oslo and Viken. The company head office is situated in Hamar, and the bank has 37 ...

and

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 lar ...

sold their shares to Vakt Service, who took full control of the company after previously owning 40.3% of the company. In 2009, the office in

Lillehammer Lillehammer () is a municipality in Innlandet county, Norway. It is located in the traditional district of Gudbrandsdal. The administrative centre of the municipality is the town of Lillehammer. Some of the more notable villages in the municip ...

was closed, 20 people were downsized and the operations for the region moved to Oslo.

NOKAS Robbery

The NOKAS cash depot in

Stavanger Stavanger (, , American English, US usually , ) is a city and municipalities of Norway, municipality in Norway. It is the fourth largest city and third largest metropolitan area in Norway (through conurbation with neighboring Sandnes) and the a ...

was

robbed Robbery is the crime of taking or attempting to take anything of value by force, threat of force, or by use of fear. According to common law, robbery is defined as taking the property of another, with the intent to permanently deprive the perso ...

on 5 April 2004. The outcome of the robbery was just below NOK 60 million, which makes it the largest in Norwegian history. It was also the first time in many years that a Norwegian police officer had been killed in the line of duty. The thirteen men involved in the NOKAS robbery were convicted to a total of 181 years in prison on 10 March 2006, with the leader,

David Toska David Aleksander Toska (born 18 September 1975) was the alleged "mastermind" behind the "NOKAS robbery" in Stavanger on 5 April 2004, one of the most profiled criminal cases in modern Norwegian history. The robbery resulted in the killing of a ...

, receiving the highest verdict of 19 years. In the final trial, standing on 19 January 2007, twelve of the thirteen were found guilty. The thirteenth, the judges put the jury decision aside and ordered a new trial.

References

External links

Official NOKAS website
{{in lang, no Financial services companies of Norway 2001 establishments in Norway Financial services companies established in 2001