Norwegian State Agriculture Bank
Encyclopedia
Norwegian State Agriculture Bank is a defunct 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...

 government bank
Etat
Etat is a Norwegian state-, county- or municipal agency. An Etat is a subdivision of the administration, which has been given responsibility for a special area. An agency does not have a board of directors, but it does have a director, appointed by the subordinate organization. Normally decisions...

 that lent money
Debt
A debt is an obligation owed by one party to a second party, the creditor; usually this refers to assets granted by the creditor to the debtor, but the term can also be used metaphorically to cover moral obligations and other interactions not based on economic value.A debt is created when a...

 to investments within agriculture
Agriculture
Agriculture is the cultivation of animals, plants, fungi and other life forms for food, fiber, and other products used to sustain life. Agriculture was the key implement in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that nurtured the...

 with mortgage
Mortgage loan
A mortgage loan is a loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that realty through the granting of a mortgage which secures the loan...

 in real estate
Real estate
In 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...

. It was created on 5 February 1965 as a merger between Norges Hypotekbank
Norges Hypotekbank
Norges Hypotekbank is a defunct Norwegian government bank, created by law on September 18, 1851. Its function was to help commerce, and primarily the agricultural sector, through cheap mortgages. The seat of the bank was in Oslo, and was led by a board of three members, two appointed by the...

, Norges Småbruks- og Bustadsbank and Driftskredittkassen for jorbruket. From 1 January 2000, its responsibilities were transferred to the Norwegian Industrial and Regional Development Fund and the Norwegian Agricultural Authority.
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