Norwegian receivables finance company hit by allegations of massive fraud
The owners of Finance Credit Norge ASA, Trond G.
The owners of Finance Credit Norge ASA, Trond G.
The Norwegian government is divesting a 13.4% stake in Den norske Bank, parent company of one of the Norwegian factoring market’s major players, DnB Factors.
It has been announced that DnB, Norway’s largest bank, intend to merge their factoring and leasing subsidiaries, DnB Factoring AS and DnB Finans AS.
Den norske Bank, Norway’s largest bank and parent company of one of the Norwegian factoring industry’s major players (DnB Factoring) yesterday announced a 29% increase in pre-tax profit for the first nine months of 2000.
DnB, Norway’s biggest bank and parent company of Norway’s largest factoring company, DnB Factoring AS, has announced a record 30% rise in pre-tax profit for the first six months of the year. The figure was given as NKr2.59bn (US$288m).