Kommunalbanken

Kommunalbanken
Kommunalbanken AS
Type Private
Industry Financial services
Founded 1927, 1999
Headquarters Oslo, Norway
Area served Norway
Products Loans
Parent Norwegian Ministry of Local Government (80%)
Kommunal Landspensjonskasse (20%)
Website www.kommunalbanken.no

Kommunalbanken, sometimes branded as Kommunalbanken Norway is a Norwegian bank that offers loans exclusively to the municipal and county sector. The banks portfolio was NOK 76.7 billion as of 2006, and 45 % of all municipal and county debt is though Kommunalbanken, with about 95% of all counties and municipalities being customers.[1] Included among those absent are those so wealthy from hydroelectricity production that they do not require debt to finance investments. Kommunalbanken also issues loans to Municipal Enterprises, County Enterprises and Intermunicipal Companies, all that are extensions of the liability of the municipalities and counties themselves. Kommunalbanken is a limited company owned by the Norwegian Ministry of Local Government (80%) and National Local Government Pension Fund (Kommunenes Landspensjonskasse, 20%). Before 1999 it was a Government agency called Norges Kommunalbank that was founded in 1927.[2]

References

External links


Wikimedia Foundation. 2010.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • Norges Bank — Type Government agency Industry Central bank Founded 14 June 18 …   Wikipedia

  • Norwegian State Educational Loan Fund — The Norwegian State Educational Loan Fund (Norwegian: Statens lånekasse for utdanning) is a government agency that provides loans and grants to Norwegian and certain foreign students for their education. This system is aimed at making higher… …   Wikipedia

  • Christiania Bank — og Kreditkasse ASA Type Public Industry Banking Founded 1848 Headquarters …   Wikipedia

  • List of government enterprises of Norway — This is a list of Norwegian government owned companies. In addition to this the government of Norway ownes publicly tradet stock domestically through Folketrygdfoldet and internationally through The Government Pension Fund of Norway. The list is… …   Wikipedia

  • Den norske Bank — Industry Banking Fate Merged Successor DnB NOR Founded 1990 …   Wikipedia

  • Norwegian State Agriculture Bank — Statens Landbruksbank Industry Banking Fate Merged Successor Norwegian Agricultural Authority Founded 1965 Defunct 2000 Headquarters …   Wikipedia

  • Norges Hypotekbank — Industry Banking Fate Merged Successor Norwegian State Agriculture Bank Founded 1851 Defunct 1965 Headquarters …   Wikipedia

  • Norwegian State Housing Bank — Type Government agency Industry Social housing policy, Banking Founded 1946 Headquarter …   Wikipedia

  • Norwegian Public Service Pension Fund — Type Government agency Industry Financial services Founded 1917 …   Wikipedia

  • Kommunal Landspensjonskasse — Type Mutual Industry Financial services Founded 1949 Headquarter …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”