Danske Bank (Norway) Explained

Danske Bank
Type:Private
Foundation:1859
Location:Trondheim, Norway
Key People:Trond F. Mellingsæter (CEO)
Area Served:Norway
Industry:Financial services
Revenue:NOK 1,970 million (2005)
Net Income: NOK 622 million (2005)
Num Employees:Approximately 1,000 (2011)
Parent:Danske Bank
Homepage:www.danskebank.no

Danske Bank, formerly named Fokus Bank, is the Norwegian operations of the Danish Danske Bank. It has long been one of the largest banks in Scandinavia.

Danske Bank has 41 local branches spread around all of Norway.[1] The main office is in Trondheim and the bank employs approximately 1,000 workers. The bank has 210,000 private customers and 15,000 business customers.

The bank has two subsidiaries:

History

The banks that made up Danske Bank were all incorporated between 1868 and 1932.

Danske Bank is the result of merge between of all together seven regional banks in Norway and was noted on Oslo Stock Exchange. The merger was between Buskerudbanken, Bøndernes Bank, Forretningsbanken, Vestlandsbanken in 1987 and with Tromsbanken (1990), Rogalandsbanken (1991) and Samvirkebanken (1993). In 1999 it was acquired by Danske Bank, and became part of the Danske Bank Corporation on May 7, 1999.[2] [3]

Notes and References

  1. Web site: Danske Bank Norge - Legal 500.
  2. Web site: 2021-10-13 . 1999-05-07 . no . Finansdepartementet . Den Danske Bank gis tillatelse til oppkjøp av Fokus Bank ASA . 006061-110196.
  3. Web site: 2021-10-13 . 2021-10-20 . https://web.archive.org/web/20211020140821/https://www.danskebank.com/en-uk/press/News/Pages/capr19990507.aspx . 1999-05-07 . en . Press release: Offer to purchase all outstanding shares in Fokus Bank ASA . dead . Danske Bank.