Fokus Bank
Encyclopedia
Fokus Bank is a brand name for Danske Bank
's Norwegian
operation. Danske Bank
has long been one of the largest banks in Scandinavia
.
Fokus Bank has 41 local branches spread around all of Norway. The main office is in Trondheim
and the bank employs approximately 1,000 workers. The bank has 210,000 private customers and 15,000 business customers.
The bank has two subsidiaries:
Fokus Bank is the result of merge between of all together seven regional banks in Norway and was noted on Oslo Stock Exchange
. The merger was between Buskerudbanken, Bøndernes Bank, Forretningsbanken, Vestlandsbanken
in 1987 and with Tromsbanken (1990), Rogalandsbanken (1991) and Samvirkebanken (1993). In 1999 it was acquired by Danske Bank, and became part of the Danske Bank Corporation on May 7, 1999.
Danske Bank
Danske Bank is a Danish bank. The name literally means "Danish Bank" It was founded 5 October 1871 as Den Danske Landmandsbank, Hypothek- og Vexelbank i Kjøbenhavn ....
's Norwegian
Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
operation. Danske Bank
Danske Bank
Danske Bank is a Danish bank. The name literally means "Danish Bank" It was founded 5 October 1871 as Den Danske Landmandsbank, Hypothek- og Vexelbank i Kjøbenhavn ....
has long been one of the largest banks in Scandinavia
Scandinavia
Scandinavia is a cultural, historical and ethno-linguistic region in northern Europe that includes the three kingdoms of Denmark, Norway and Sweden, characterized by their common ethno-cultural heritage and language. Modern Norway and Sweden proper are situated on the Scandinavian Peninsula,...
.
Fokus Bank has 41 local branches spread around all of Norway. The main office is in Trondheim
Trondheim
Trondheim , historically, Nidaros and Trondhjem, is a city and municipality in Sør-Trøndelag county, Norway. With a population of 173,486, it is the third most populous municipality and city in the country, although the fourth largest metropolitan area. It is the administrative centre of...
and the bank employs approximately 1,000 workers. The bank has 210,000 private customers and 15,000 business customers.
The bank has two subsidiaries:
- Danske Capital AS manages money marketMoney marketThe money market is a component of the financial markets for assets involved in short-term borrowing and lending with original maturities of one year or shorter time frames. Trading in the money markets involves Treasury bills, commercial paper, bankers' acceptances, certificates of deposit,...
, obligationObligationAn obligation is a requirement to take some course of action, whether legal or moral. There are also obligations in other normative contexts, such as obligations of etiquette, social obligations, and possibly...
and mutual fundMutual fundA mutual fund is a professionally managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments, and/or other securities.- Overview :...
s with the brand name Danske Invest. - The real estateReal estateIn general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
agent Fokus Krogsveen AS, branded as Krogsveen.
History
The banks that made up Fokus Bank were all incorporated between 1868 and 1932.Fokus Bank is the result of merge between of all together seven regional banks in Norway and was noted on Oslo Stock Exchange
Oslo Stock Exchange
The Oslo Stock Exchange serves as the main market for trading in the shares of Norwegian companies. It opens at 9:00am and closes 5:30pm local time...
. The merger was between Buskerudbanken, Bøndernes Bank, Forretningsbanken, Vestlandsbanken
Vestlandsbanken
Vestlandsbanken was a bank based in Bergen, Norway. It was established in 1926 and explicitly did all its business in Nynorsk. In 1975, it merged with the Oslo-based Oslo Nye Sparebank, also it a Nynorsk-bank. In 1987, Vestlandsbanken merged with Bøndernes Bank, Forretningsbanken and Buskerudbanken...
in 1987 and with Tromsbanken (1990), Rogalandsbanken (1991) and Samvirkebanken (1993). In 1999 it was acquired by Danske Bank, and became part of the Danske Bank Corporation on May 7, 1999.