Today, Norway's largest bank has taken over all shares in DnB NORD. DnB NOR believes there is a strong growth potential in the geographic area covered by DnB NORD, which is close to Norway.

Since year-end 2005, the Norwegian bank DnB NOR ASA and the German bank Norddeutsche Landesbank Girozentrale have jointly owned Bank DnB NORD. On 23 December 2010, DnB NOR took over all shares in the company. The bank believes there is a further growth potential in DnB NORD.

“Today, Poland has a higher growth potential than the rest of Europe. We believe that now is the right time to increase our initiatives in this geographic area close to Norway. DnB NORD has healthy and sound banking operations and a very competent management and staff,” says Terje Turnes, Head of Baltics/Poland Division in DnB NOR.

DnB NOR is one of few European banks reporting a net profit during all quarters of the financial crisis. During this period, DnB NOR became the second largest bank in Scandinavia and the 22nd largest bank in Europe. With one financially strong and dedicated owner it will be easier to make quick and good decisions than in a joint venture.

“One and strong shareholder, which plans to increase its engagement in Poland – it is very good news for us. I believe we’ll be able to grow much faster and on higher scale than today”, says Bartosz Chytła, Bank’s DnB NORD Polska CEO.

Facts about DnB NOR:

• Total combined assets: EUR 260 billion
• Personal customers in Norway: 2 300 000
• Corporate clients in Norway: 200 000
• Branch offices in Norway: 218
• International branches: 27
• Full-time positions: 13 317
• CEO: Rune Bjerke