Norwegian Industrial Bank Explained

The Norwegian Industrial Bank (Norwegian: Den Norske Industribank), also known as the Industry Bank, was a Norwegian bank.

It had a nationwide mandate as an industrial development bank.[1] It was created in 1936, amid the interwar economic crisis, to supply loans to industry and hotels. The Norwegian state owned about half of the shares.[2] In 1977 it incorporated the loan institution Strukturfinans.[3] In 1993 it merged with the Industry Fund and the Regional Development Fund to form the Norwegian Industrial and Regional Development Fund, now a part of Innovation Norway.[2]

Notes and References

  1. http://www.regjeringen.no/upload/KRD/Vedlegg/REGA/Forskning,%20utredninger%20og%20evalueringer%20fom%2008/OECD%20Reviews%20of%20Innovation%20Policy%20-%20Norway_2008.pdf OECD Reviews of Innovation Policy: Norway
  2. Encyclopedia: Den Norske Industribank. Store norske leksikon. Kunnskapsforlaget. Oslo. Norwegian. 11 December 2009.
  3. Web site: P-12579 / Den Norske Industribank A/S. National Archival Services of Norway. Norwegian. 27 June 2011.