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Norway

Finance Credit collapse cripples one of its banks, which...

Analysts following the Norwegian banking market point to Den norske Bank (DnB), Norway’s largest bank and which has the state as its largest shareholder, as the favourite to take over loss-plagued Nordlandsbank. Nordslandsbank has been crippled by huge losses tied...

Fraud allegations against factor topples bank executives

Nils Moe, chief executive of Nordlandsbanken, resigned today in the wake of huge losses tied to the bank's dealings with…

#bank#bankruptcy#banks


Norwegian receivables finance company hit by allegations of massive...

The owners of Finance Credit Norge ASA, Trond G. Kristofferson ceo and Torgeir Stensrud chairman, have been remanded in custody…


Norwegian Government Sells Stake in Den Norske Bank

The Norwegian government is divesting a 13.4% stake in Den norske Bank, parent company of one of the Norwegian factoring…

#bank#international


DnB to Merge Factoring and Leasing Operations.

It has been announced that DnB, Norway’s largest bank, intend to merge their factoring and leasing subsidiaries, DnB Factoring AS…


Den Norske Bank Profits Rise by 29%

Den norske Bank, Norway’s largest bank and parent company of one of the Norwegian factoring industry’s major players (DnB Factoring)…

#bank#factoring industry

Record Profit for Den norske Bank

DnB, Norway’s biggest bank and parent company of Norway’s largest factoring company, DnB Factoring AS, has announced a record 30%…

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