Norsk Kontantservice
Encyclopedia
Nokas Cash Handling is a Norwegian
company offering management, control and distribution of cash
to Norwegian banks. The company is owned 100% by Nokas AS
and headquartered in Oslo
. In 2008, the company had a revenue of and a net income of NOK 27 million.
Nokas Cash Handling was established in 2001, when services previously provided by the Bank of Norway
and several individual banks were taken over by a third party. In 2007, the security company Hafslund
and several banks, including Danske Bank
, Sparebank 1 Gruppen, Sparebanken Hedmark
and DnB NOR
sold their shares to Vakt Service, who took full control of the company after previously owning 40.3% of the company. In 2009, the office in Lillehammer
was closed, 20 people were downsized and the operations for the region moved to Oslo.
was robbed
on 5 April 2004. The outcome of the robbery was just below NOK 60 million, which makes it the largest in Norwegian history. It was also the first time in many years that a Norwegian police officer had been killed in the line of duty. The thirteen men involved in the NOKAS robbery were convicted to a total of 181 years in prison on 10 March 2006, with the leader, David Toska
, receiving the highest verdict of 19 years. In the final trial, standing on 19 January 2007, twelve of the thirteen were found guilty. The thirteenth, the judges put the jury decision aside and ordered a new trial.
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...
company offering management, control and distribution of cash
Cash
In common language cash refers to money in the physical form of currency, such as banknotes and coins.In bookkeeping and finance, cash refers to current assets comprising currency or currency equivalents that can be accessed immediately or near-immediately...
to Norwegian banks. The company is owned 100% by Nokas AS
NOKAS
Nokas AS is a Norwegian security company established in 1987 as Vakt Service AS. The company is headquartered in Tonsberg . The largest shareholders is Orkla ASA and Wang Invest AS who are owned by Heine Wang, who is the company's CEO...
and headquartered in Oslo
Oslo
Oslo is a municipality, as well as the capital and most populous city in Norway. As a municipality , it was established on 1 January 1838. Founded around 1048 by King Harald III of Norway, the city was largely destroyed by fire in 1624. The city was moved under the reign of Denmark–Norway's King...
. In 2008, the company had a revenue of and a net income of NOK 27 million.
Nokas Cash Handling was established in 2001, when services previously provided by the Bank of Norway
Bank of Norway
Norges Bank / Noregs Bank is the central bank of Norway. Apart from having traditional central bank responsibilities such as financial stability and price stability, it manages The Government Pension Fund of Norway, a stabilization fund that is world's largest investment pool.On 31 December 2010,...
and several individual banks were taken over by a third party. In 2007, the security company Hafslund
Hafslund ASA
Hafslund ASA is a Norwegian power company. The company owns the power grid and district heating in Oslo as well as nine hydroelectric power plants. Hafslund is the largest owner of power grids and the largest end-user seller of electricity in Norway. Hafslund also owns 11,5% of Renewable Energy...
and several banks, including 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 ....
, Sparebank 1 Gruppen, Sparebanken Hedmark
Sparebanken Hedmark
Sparebanken Hedmark is a Norwegian savings bank based in the county of Hedmark, the company head office is in Hamar. The bank is present in 20 out of 22 municipalities - 27 offices in Hedmark.The bank has some 165,000 customers...
and DnB NOR
DnB NOR
DNB ASA is Norway's largest financial services group with total combined assets of more than NOK 2.0 trillion and a market capitalisation NOK 102 billion as per December the 31st. The Group includes brands such as DNB, Vital, Nordlandsbanken, Cresco, Postbanken, DnB NORD and Carlson...
sold their shares to Vakt Service, who took full control of the company after previously owning 40.3% of the company. In 2009, the office in Lillehammer
Lillehammer
is a town and municipality in Oppland county, Norway, globally known for hosting the 1994 Winter Olympics. It is part of the traditional region of Gudbrandsdal. The administrative centre of the municipality is the town of Lillehammer. As of May 2011, the population of the town of Lillehammer was...
was closed, 20 people were downsized and the operations for the region moved to Oslo.
NOKAS Robbery
The NOKAS cash depot in StavangerStavanger
Stavanger is a city and municipality in the county of Rogaland, Norway.Stavanger municipality has a population of 126,469. There are 197,852 people living in the Stavanger conurbation, making Stavanger the fourth largest city, but the third largest urban area, in Norway...
was robbed
Bank robbery
Bank robbery is the crime of stealing from a bank during opening hours. According to the Federal Bureau of Investigation's Uniform Crime Reporting Program, robbery is "the taking or attempting to take anything of value from the care, custody, or control of a person or persons by force or threat of...
on 5 April 2004. The outcome of the robbery was just below NOK 60 million, which makes it the largest in Norwegian history. It was also the first time in many years that a Norwegian police officer had been killed in the line of duty. The thirteen men involved in the NOKAS robbery were convicted to a total of 181 years in prison on 10 March 2006, with the leader, David Toska
David Toska
David Aleksander Toska was the alleged "mastermind" behind the "NOKAS robbery" in Stavanger on 5 April 2004, one of the most profiled criminal cases in modern Norwegian history. The robbery resulted in the killing of a police-officer, a very rare occurrence in Norway.Toska was born in Bergen and...
, receiving the highest verdict of 19 years. In the final trial, standing on 19 January 2007, twelve of the thirteen were found guilty. The thirteenth, the judges put the jury decision aside and ordered a new trial.