Company type | Public |
---|---|
Industry | Banking |
Founded | 1848 |
Defunct | 2000 |
Fate | merged |
Headquarters | Oslo, Norway |
Area served | Norway |
Website | www.kbank.no |
Christiania Bank og Kreditkasse, branded domestically as Kreditkassen or K-Bank and internationally as Christiania Bank+ was a Norwegian bank that existed between 1848 and 2000 when it merged with MeritaNordbanken and became Nordea. The bank had its headquarters in Oslo and was Norway's second largest bank at the time of the merger.
Christiania Bank had branch offices in London, New York, and Singapore.
The bank was founded in Oslo (then called Christiania) in 1848 as Christiania Kreditkasse, though changed its name to Christiania Bank og Kreditkasse in 1862. In 1858, the bank moved out of its temporary location at the home of the bank manager, Fritz Henrich Frölich, and to permanent locations. It opened branches in 1897, under the directorship of Peter Harboe Castberg
The bank expanded out of Oslo in 1957 when it bought Elverum Kreditbank and Hamar Privatbank, and in 1959 with the acquisition of Agder Bank. By 1965, the bank had 18 offices outside Oslo. In 1973, the bank opened its first international office, in Luxembourg. In the 1980s, the bank further acquired Andresens Bank (in 1980), Vestfoldbanken (in 1981) and Fiskernes Bank (in 1983).
In the last years of the 1980s, there was a major financial crisis in Norway and by 1991 the bank had used up all capital. To save the bank, the Government of Norway took over the bank and gave it new capital, rescuing it from bankruptcy. In the early years of the 1990s, the bank also bought Sunnmørsbanken and Sørlandsbanken. In 1995, the government reduced its ownership to 51%, listing it on the Oslo Stock Exchange, and in 1999 to 35%. The same year, the Swedish MeritaNordbanken bid for the bank, and in 2000 the government sold its shares and the bank became part of Nordea. Christiania Bank was at the time of the merger with Nordea Norway's oldest existing bank.
Nordea Bank Abp, commonly referred to as Nordea, is a Nordic financial services group operating in northern Europe with headquarters in Helsinki, Finland. The name is a blend of the words "Nordic" and "idea". The bank is the result of the successive mergers and acquisitions of the Finnish, Swedish, Danish, and Norwegian banks of Merita Bank, Nordbanken, Unidanmark, and Christiania Bank og Kreditkasse that took place between 1997 and 2001. The Nordic countries are considered Nordea's home market, having finalised the sales of their Polish bank in 2014, Baltic operations in 2019 and completed the exit from Russia in early 2022 following a 2019 decision to close the business there. Nordea is listed on Nasdaq Nordic exchanges in Helsinki, Copenhagen, and Stockholm and Nordea ADR is listed in the US.
Oslo 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 709,037 in 2022, while the city's greater urban area had a population of 1,064,235 in 2022, and the metropolitan area had an estimated population of 1,546,706 in 2021.
Telenor ASA is a Norwegian majority state-owned multinational telecommunications company headquartered at Fornebu in Bærum, close to Oslo. It is one of the world's largest mobile telecommunications companies with operations worldwide, but focused in Scandinavia and Asia. It has extensive broadband and TV distribution operations in four Nordic countries, and a 10-year-old research and business line for machine-to-machine technology. Telenor owns networks in 8 countries.
DNB 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.
Frogner Manor is a manor house and former estate in today's borough of Frogner in Oslo, Norway. The estate comprised most of the modern borough of Frogner, which has been named after the estate, and Frognerseteren with parts of the Nordmarka forest (Frognerseterskogen). The remaining part of the estate is now the site of the Frogner Park, with the manor house found in the south of the park and the Vigeland installation in the park's centre. The 18th century buildings on the grounds now house the Oslo City Museum.
The architecture of Norway has evolved in response to changing economic conditions, technological advances, demographic fluctuations and cultural shifts. While outside architectural influences are apparent in much of Norwegian architecture, they have often been adapted to meet Norwegian climatic conditions, including: harsh winters, high winds and, in coastal areas, salt spray.
Storebrand is a financial services company in Norway. By volume, the company's main activities are related to life insurance and pension savings. However, the company also has major divisions working on investments, banking and, until 1999 and again since 2006, P&C insurance products. Through its acquisition of Swedish SPP from Handelsbanken in 2007, Storebrand gained a sizable division dedicated to the Swedish market for life insurance.
Hans Folkeson Dalborg was a Swedish business executive, who was chairman of the board of Nordea from 2002 to 2011.
Gjensidige Forsikring ASA is a Norwegian insurance company. The company traces its roots back to 1816 when a fire mutual was founded as Land Gjensidige Brandkasse in what is today Innlandet county. Gjensidige demutualised and listed on the Oslo Stock Exchange in December 2010. The firm, headquartered in Oslo, has a market share of some 26% (2021) in the Norwegian insurance market. The company has 36 branch offices in Norway, not including affiliated fire mutuals, and 1 million customers. Gjensidige has subsidiaries in Denmark, Sweden and The Baltics.
Åge Korsvold is a Norwegian businessperson and since 2006 chief executive officer of Kistefos.
Snarøya is a populated peninsula in the inner Oslofjord in Norway. It belongs to Bærum municipality in Akershus county. It is located south of the districts Lysaker, Lagåsen and Fornebu, and has 2,940 inhabitants.
Maizels, Westerberg & Co. was a leading independent investment banking firm, specialising in major corporate finance transactions in the Nordic countries. The major focus of the firm was owner-driven transactions, restructurings, mergers, acquisitions and divestitures.
Albert Peter Severin Collett was a Norwegian businessman, timber merchant and sawmill owner. He founded Firma Albert Collett and became one of the largest landowners in the valley of Namdalen in Nord-Trøndelag, Norway.
Emil Steen was a Norwegian businessman.
Nicolai Andresen was a Norwegian merchant, banker and member of Stortinget. He laid the foundation for Andresens Bank A/S, which after several mergers became Nordea Bank Norge.
Nordea Bank Norge is the Norwegian branch of Nordea Bank Abp, the Norwegian retail part of the Nordea financial group. The Norwegian headquarters is in Essendrops gate 7, Oslo.
Anton Tobias Friedrich "Fritz" Bühring Jenssen was a Norwegian banker and politician for Nasjonal Samling.
Paléet was a monumental single storey townhouse located in the Norwegian capital Oslo that for a long time functioned as a residence for the Norwegian royalty.
PK Banken or Post & Kreditbanken, "the Post and Credit Bank", was a Swedish bank formed through the merger of Kreditbanken and the nationally owned Postbanken in 1974. After the purchase of several regional banks, which included "Nordbanken", the entire bank took on that name. Nordbanken merged with the Finnish bank Merita in 1998 to form Merita-Nordbanken. Merita-Nordbanken merged in 2000 with the Danish Unibank to become Nordic Baltic Holding before acquiring the Norwegian Kreditkassen, and subsequently adopting the new Nordea brand in 2001.