Everything about Den Norske Bank totally explained
Den norske Bank or
DnB was a
Norwegian bank that existed between 1990 and 2003 when it merged with
Gjensidige NOR to form the present
DnB NOR. The bank's
headquarters were in
Bergen, Norway.
DnB was created as a merger between
Bergen Bank and
Den norske Creditbank in 1990 after a major
downturn in the economy, especially effecting 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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