Den norske Bank
Den norske Bank or DnB was a Norwegian bank that existed between 1990 and 2003 when it merged with Gjensidige NOR to form DnB NOR (now DNB ASA). The bank's headquarters were in Bergen, Norway.
 | |
| Industry | Banking |
|---|---|
| Fate | Merged |
| Successor | DnB NOR |
| Founded | 1990 |
| Defunct | 1999 |
| Headquarters | Bergen, Norway |
| Products | Postbanken, Cresco, American Express |
| Parent | Norwegian Ministry of Finance |
DnB was created as a merger between Bergen Bank and Den norske Creditbank in 1990 after a major downturn in the economy, especially affecting the banks, who lost vast amounts of money due to misheld loans and falling housing prices. The state held a majority ownership in the bank in addition to its being listed on the Oslo Stock Exchange. In 1996, DnB bought Vital Forsikring and in 1999 it merged with Postbanken.
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