- Business
- DNB Bank ASA, Norway's largest financial services group, provides a comprehensive range of banking products and services to retail, corporate, and institutional customers primarily in Norway and internationally across 19 countries with a strong presence in the Nordic region and shipping finance. Founded in 1822 and headquartered in Oslo, the company offers savings, current, currency, client, tax withholding, and pension accounts; fixed rate and security deposits; home and cabin mortgages, car and consumer loans, business loans, and refinancing; overdraft facilities; leasing and asset financing for cars, boats, construction machinery, and equipment; car, house, home contents, travel, personal, and non-life insurance products; payment services including clearing and trade finance; online and mobile banking; credit cards; bank guarantees, secure trading, documentary collection, and letters of credit; investment banking services encompassing mergers and acquisitions, equity and debt capital markets, shares and securities trading, mutual funds, bonds, commodities, equity trading, foreign exchange, interest rates, and risk advisory; treasury management, working capital, factoring, supply chain and receivable purchase financing; private banking; and corporate finance. In recent developments, DNB Bank ASA completed its acquisition of Carnegie Holding AB, a leading Nordic investment bank and asset manager, in March 2025 for approximately SEK 12 billion following an agreement in October 2024, integrating Carnegie's operations with DNB Markets to form DNB Carnegie and expand capabilities in investment banking, securities brokerage, and asset management across the Nordics; additionally, the bank extended its strategic collaboration with Infosys in May 2025 to accelerate IT modernization using the Infosys Finacle platform, enhancing resilience, customer experience, and agile lending solutions through AI, machine learning, and legacy system upgrades.