{"id":3371,"date":"2022-01-23T15:47:25","date_gmt":"2022-01-23T15:47:25","guid":{"rendered":"https:\/\/businessner.com\/?p=3371"},"modified":"2022-01-23T15:47:25","modified_gmt":"2022-01-23T15:47:25","slug":"some-of-the-oldest-financial-institutions-in-norway","status":"publish","type":"post","link":"https:\/\/businessner.com\/some-of-the-oldest-financial-institutions-in-norway\/","title":{"rendered":"Some of the Oldest Financial Institutions in Norway"},"content":{"rendered":"

Norway and other Scandinavian countries have recently become a hotbed for fintech innovation. Vipps, MobilePay and Klarna have a massive impact on payment methods in Scandinavia and globally.<\/span><\/p>\n

Swedish Klarna is a global leader in payment solutions for online stores and other websites. Norwegian Vipps and Danish MobilePay are similar to PayPal\u2019s Venmo \u2013\u00a0all companies making payments between persons and between stores and persons a lot easier than they used to be.<\/span><\/p>\n

Vipps started as a part of the Norwegian bank DnB but became an independent company in 2017. DnB is one of the longest-standing Norwegian financial institutions. In this article, we will give you the history of some of them.\u00a0<\/span><\/p>\n

DNB<\/span><\/h2>\n

DNB, short for Den norske bank (\u201cthe Norwegian Bank\u201d)<\/span><\/a>, is 200 years old. Its forerunner, Christiania Sparebank, was established as early as 1822. Since then, the bank has made numerous acquisitions and mergers. DNB Bank ASA is the biggest financial group in Norway.\u00a0<\/span><\/p>\n

The bank got part of its current name after the merger between Bergen Bank and Den norske Creditbank \u2013 two of the biggest banks in the country \u2013\u00a0in 1990. The new bank got the name Den norske Bank (DnB).\u00a0<\/span><\/p>\n

This was not the only major bank merger that year. Sparebanken ABC, Sparebanken \u00d8stlandet, Sparebanken Buskerud, Sparebanken Vestfold and Sparebanken \u00d8stfold merged and became Sparebanken NOR.\u00a0<\/span><\/p>\n

After numerous other mergers and acquisitions, the two banks merged in 2003 and became DnB NOR. In 2011, the bank changed to its current name, DNB.\u00a0<\/span><\/p>\n

AS Financiering<\/span><\/h2>\n

While DNB offers multiple financial services, other financial institutions focus on a single service. <\/span>AS Financiering, a company offering loans<\/span><\/a>, was established in 1930. That makes it one of Norway\u2019s oldest companies within the loan segment. Over the years, the company has worked with car loans, motorcycle loans, boat loans, caravan loans and other vehicle loans.<\/span><\/p>\n

A recent focus has been \u201cgreen car loans\u201d \u2013 loans specially designed for electric or hybrid vehicles. Electric cars are more popular than ever, and Norwegians seem especially eager to switch from fossil fuels to electric. More than half of new cars bought in Norway are electric. Green car loans are cheaper than regular car loans, making it easier to buy an electric car.\u00a0<\/span><\/p>\n

AS Financiering is owned by <\/span>Sparebanken \u00d8st<\/span><\/a>. Sparebanken \u00d8st is another Norwegian financial company with a long history and one of the bigger banks in the eastern part of Norway.\u00a0<\/span><\/p>\n

Storebrand<\/span><\/h2>\n

Storebrand, with roots going back to 1767<\/span><\/a>, is among the oldest Norwegian financial institutions. In fact, it is one of the oldest Norwegian companies.<\/span><\/p>\n

The first iteration of the company was called \u201cDen almindelige Brand-Forsikrings-Anstalt\u201d. It was founded in 1767 in Copenhagen. Norway was a part of Denmark at this point, and a lot of development took place in Copenhagen, which was the union\u2019s capital. The company offered fire insurance at the time.\u00a0<\/span><\/p>\n

Storebrand has acquired and merged with multiple insurance providers over the years. Today, it offers both insurance and bank services.\u00a0<\/span><\/p>\n

Sparebank 1 SR-Bank<\/span><\/h2>\n

SpareBank 1 SR-Bank\u2019s roots go back to 1839<\/span><\/a>. Today, it is one of the biggest banks in Norway and a part of the SpareBank 1 Group. The first bank part of Sparebank 1 SR-Bank was founded in 1839. It was a savings bank, and its customers were mainly working within fishing.\u00a0\u00a0<\/span><\/p>\n

Finn\u00f8y Sparebank, which later became SR-Bank, was founded in 1852. Over the years, many savings banks have seen the need to ally with fellow financial institutions. This happened in 1996, when SR-Bank, Sparebanken Nord Norge, Sparebanken Vest and Sparebanken Midt Norge form Sparebank 1.<\/span><\/p>\n

Sparebank 1 SR-Bank was listed on the Oslo Stock Exchange in 2012. Other banks in the Sparebank 1 alliance are also on the Oslo Stock Exchange.\u00a0<\/span><\/p>\n

Gjensidige<\/span><\/h2>\n

Gjensidige is another insurance company with a long history<\/span><\/a>. Like Storebrand, Gjensidige started with fire insurance. Gjensidige grew and acquired other insurance companies. The company got the name Gjensidige in 1974.\u00a0<\/span><\/p>\n

In the 2000s, the company grew and expanded from Norway to other countries, both in the Nordics and Baltics. It was listed on the Oslo Stock Exchange in 2010. In 2016, Gjensidige celebrated its 200th anniversary.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Norway and other Scandinavian countries have recently become a hotbed for fintech innovation. Vipps, MobilePay and Klarna have a massive impact on payment methods in Scandinavia and globally. Swedish Klarna is a global leader in payment solutions for online stores and other websites. Norwegian Vipps and Danish MobilePay are similar to PayPal\u2019s Venmo \u2013\u00a0all companies […]<\/p>\n","protected":false},"author":9,"featured_media":3372,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"The History of Norwegian Financial Institutions: DNB, AS Financiering, Storebrand, and Sparebank 1 SR-Bank","_seopress_titles_desc":"Discover the fascinating history of Norway's oldest financial institutions, including DNB, AS Financiering, Storebrand, and Sparebank 1 SR-Bank.","_seopress_robots_index":"","tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[162],"tags":[],"_links":{"self":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/3371"}],"collection":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/comments?post=3371"}],"version-history":[{"count":1,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/3371\/revisions"}],"predecessor-version":[{"id":3373,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/3371\/revisions\/3373"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/media\/3372"}],"wp:attachment":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/media?parent=3371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/categories?post=3371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/tags?post=3371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}