Norges Hypotekbank is a defunct
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 ...
government bank, created by law on September 18, 1851. Its function was to help commerce, and primarily the
agricultural sector, through cheap
mortgages
A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any ...
. The seat of the
bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
Because ...
was 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 ...
, and was led by a board of three members, two appointed by the
Storting and one by the
King
King is the title given to a male monarch in a variety of contexts. The female equivalent is queen, which title is also given to the consort of a king.
*In the context of prehistory, antiquity and contemporary indigenous peoples, the tit ...
. By royal resolution of November 19, 1881, it was decided to create district offices in
Bergen
Bergen (), historically Bjørgvin, is a city and municipality in Vestland county on the west coast of Norway. , its population is roughly 285,900. Bergen is the second-largest city in Norway. The municipality covers and is on the peninsula o ...
,
Trondheim
Trondheim ( , , ; sma, Tråante), historically Kaupangen, Nidaros and Trondhjem (), is a city and municipality in Trøndelag county, Norway. As of 2020, it had a population of 205,332, was the third most populous municipality in Norway, and ...
and
Tromsø
Tromsø (, , ; se, Romsa ; fkv, Tromssa; sv, Tromsö) is a municipality in Troms og Finnmark county, Norway. The administrative centre of the municipality is the city of Tromsø.
Tromsø lies in Northern Norway. The municipality is the ...
. The original
owner equity of the bank was
NOK 2 million, and by 1905 it was NOK 19.5 million. In 1965, the bank merged to form the
Norwegian State Agriculture Bank.
Defunct banks of Norway
Formerly government-owned companies of Norway
Agricultural organisations based in Norway
Banks established in 1851
Banks disestablished in 1965
1965 disestablishments in Norway
1965 mergers and acquisitions
Norwegian companies established in 1851
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