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Postbanken
Postbanken (lit. The Postal Bank) was a Norwegian postal savings bank. The bank offered its services through the Norwegian post office. It was first merged into DNB ASA as a subsidiary, and then dissolved in 2011. History Postbanken was founded in 1948 after major political battle as Norges Postsparebank with the goal to incurate to savings, though the maximum amount allowed to be saved per person was set to NOK 10,000. In 1948, the bank had services provided at 3,600 post offices and post outlets. The first loans were often large and given to investments in rural areas. Until 1999, the bank was owned by the Government of Norway, but then it was merged with DnB NOR. The bank dissolved in 2011. In 2001, the Postal Giro System was bought by Bankenes Betalingssentral and the year after the two giro Giro or GIRO may refer to: Banking and Investments * Giro (banking), a direct payment from one bank account to another instigated by the payer * Girobank, a state owned and later ...
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Postbanken Bergen Sentrum
Postbanken (lit. The Postal Bank) was a Norwegian postal savings bank. The bank offered its services through the Norwegian post office. It was first merged into DNB ASA as a subsidiary, and then dissolved in 2011. History Postbanken was founded in 1948 after major political battle as Norges Postsparebank with the goal to incurate to savings, though the maximum amount allowed to be saved per person was set to NOK 10,000. In 1948, the bank had services provided at 3,600 post offices and post outlets. The first loans were often large and given to investments in rural areas. Until 1999, the bank was owned by the Government of Norway, but then it was merged with DnB NOR. The bank dissolved in 2011. In 2001, the Postal Giro System was bought by Bankenes Betalingssentral and the year after the two giro Giro or GIRO may refer to: Banking and Investments * Giro (banking), a direct payment from one bank account to another instigated by the payer * Girobank, a state owned and later ...
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DnB NOR
DNB ASA (formerly DnB NOR ASA) is Norway's largest financial services group with total combined assets of more than NOK 1.9 trillion and a market capitalisation NOK 164 billion as of 20 May 2016. DNB's head office is located in Oslo. The two largest owners of DNB are the Norwegian Ministry of Trade and Industry (34.0%) and Sparebankstiftelsen DnB NOR (10.0%). The latter was created as a foundation with the sole purpose of owning part of the company. It was created when Gjensidige NOR was made a public limited company to ensure that the companies' customers retained partial ownership of the company. The foundation also can give up to 25% of its received dividend as gifts to charity. Operations The DNB Bank Group is the largest entity in the DNB Group and Norway's largest bank, offering services to the corporate, retail and securities markets and the public sector. Domestically, the group has an investment bank DNB Markets, the finance company Cresco, the real estate agency ...
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Postal Savings Bank
Postal savings systems provide depositors who do not have access to banks a safe and convenient method to save money. Many nations have operated banking systems involving post offices to promote saving money among the poor. History In 1861, Great Britain became the first nation to offer such an arrangement. It was supported by Sir Rowland Hill, who successfully advocated the penny post, and William Ewart Gladstone, then Chancellor of the Exchequer, who saw it as a cheap way to finance the public debt. At the time, banks were mainly in the cities and largely catered to wealthy customers. Rural citizens and the poor had no choice but to keep their funds at home or on their persons. The original Post Office Savings Bank was limited to deposits of £30 per year with a maximum balance of £150. Interest was paid at the rate of 2.5 percent per annum on whole pounds in the account. Later, the limits were raised to a maximum of £500 per year in deposits with no limit on the total ...
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Government Of Norway
The politics of Norway take place in the framework of a parliamentary, representative democratic constitutional monarchy. Executive power is exercised by the Council of State, the cabinet, led by the prime minister of Norway. Legislative power is vested in both the government and the legislature, the Storting, elected within a multi-party system. The judiciary is independent of the executive branch and the legislature. Reporters Without Borders ranked Norway 1st in the world in the 2019 Press Freedom Index. Freedom House's 2020 Freedom in the World report classified Norway as "free," scoring maximum points in the categories of "political rights" and "civil liberties". Constitutional development The Norwegian constitution, signed by the Eidsvoll assembly on 17 May 1814, transformed Norway from being an absolute monarchy into a constitutional monarchy. The 1814 constitution granted rights such as freedom of speech (§100) and rule of law (§§ 96, 97, 99). Important amen ...
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Banking
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a Bank regulation, high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concept ...
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Posten (Norway)
Posten Norge () is the name of the Norwegian postal service. The company, owned by the Norwegian Ministry of Transport and Communications The Royal Norwegian Ministry of Transportation (; ) is a Norwegian ministry established in 1946, and is responsible for transportation in Norway. The ministry was responsible for communication infrastructure until may 2019, when the responsibility ... had a monopoly until 2016 on distribution of letters weighing less than 50g throughout the country. There are 30 post offices in Norway, in addition to 1400 outlets in retail stores. History Posten was founded in January 1647 as Postvesenet ("the postal system") by general post master Henrik Morian. It was established as a private company, and King Christian IV gave his blessing to the founding of the company. Postvesenet was privately run until 1719, when the state took over. From that point on, national postal service was a state monopoly. Local city postal services remained private, but in 1 ...
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Norway
Norway, officially the Kingdom of Norway, is a Nordic country in Northern Europe, the mainland territory of which comprises the western and northernmost portion of the Scandinavian Peninsula. The remote Arctic island of Jan Mayen and the archipelago of Svalbard also form part of Norway. Bouvet Island, located in the Subantarctic, is a dependency of Norway; it also lays claims to the Antarctic territories of Peter I Island and Queen Maud Land. The capital and largest city in Norway is Oslo. Norway has a total area of and had a population of 5,425,270 in January 2022. The country shares a long eastern border with Sweden at a length of . It is bordered by Finland and Russia to the northeast and the Skagerrak strait to the south, on the other side of which are Denmark and the United Kingdom. Norway has an extensive coastline, facing the North Atlantic Ocean and the Barents Sea. The maritime influence dominates Norway's climate, with mild lowland temperatures on the ...
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Saving
Saving is income not spent, or deferred consumption. Methods of saving include putting money aside in, for example, a deposit account, a pension account, an investment fund, or as cash. Saving also involves reducing expenditures, such as recurring costs. In terms of personal finance, saving generally specifies low-risk preservation of money, as in a deposit account, versus investment, wherein risk is a lot higher; in economics more broadly, it refers to any income not used for immediate consumption. Saving does not automatically include interest. ''Saving'' differs from ''savings''. The former refers to the act of not consuming one's assets, whereas the latter refers to either multiple opportunities to reduce costs; or one's assets in the form of cash. Saving refers to an activity occurring over time, a flow variable, whereas savings refers to something that exists at any one time, a stock variable. This distinction is often misunderstood, and even professional economists and ...
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Oslo
Oslo ( , , or ; sma, Oslove) is the capital and most populous city of Norway. It constitutes both a county and a municipality. The municipality of Oslo had a population of in 2022, while the city's greater urban area had a population of in 2019, and the metropolitan area had an estimated population of in 2021. During the Viking Age the area was part of Viken. Oslo was founded as a city at the end of the Viking Age in 1040 under the name Ánslo, and established as a ''kaupstad'' or trading place in 1048 by Harald Hardrada. The city was elevated to a bishopric in 1070 and a capital under Haakon V of Norway around 1300. Personal unions with Denmark from 1397 to 1523 and again from 1536 to 1814 reduced its influence. After being destroyed by a fire in 1624, during the reign of King Christian IV, a new city was built closer to Akershus Fortress and named Christiania in honour of the king. It became a municipality (''formannskapsdistrikt'') on 1 January 1838. The city ...
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Post Office
A post office is a public facility and a retailer that provides mail services, such as accepting letters and parcels, providing post office boxes, and selling postage stamps, packaging, and stationery. Post offices may offer additional services, which vary by country. These include providing and accepting government forms (such as passport applications), and processing government services and fees (such as road tax, postal savings, or bank fees). The chief administrator of a post office is called a postmaster. Before the advent of postal codes and the post office, postal systems would route items to a specific post office for receipt or delivery. During the 19th century in the United States, this often led to smaller communities being renamed after their post offices, particularly after the Post Office Department began to require that post office names not be duplicated within a state. Name The term "post-office" has been in use since the 1650s, shortly after the leg ...
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