A mutual, mutual organization, or mutual society is an organization based on the principle of mutuality and governed by private law. Unlike a true cooperative, members usually do not contribute to the capital of the company by direct investment, but derive their right to profits and votes through their customer relationship. A mutual organization or society is often simply referred to as a mutual.
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.
SpareBank 1 is a Norwegian alliance and brand name for a group of savings banks. The alliance is organised through the holding company SpareBank 1 Gruppen AS owned by the participating banks. In total the alliance is Norway's second largest bank with total assets of NOK 625 billion, 352 branches and 6300 employees. The alliance has its head office in Oslo, Norway. The banks in the SpareBank 1 Alliance distribute SpareBank 1 groups' products and collaborate in key areas such as brands, work processes, expertise development, IT operations and system development.
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.
Sparebankstiftelsen DNB is a Norwegian foundation. The foundation gives financial contributions to a wide range of charitable causes, and is the second largest shareholder of the financial services company DNB. The foundation's capital is a result of accumulated profits from the former savings banks which are now part of DNB.
Postbanken was a Norwegian bank that is part of the DnB NOR Group. The bank offered its services through the Norwegian post office.
Nordlandsbanken was a Norwegian bank serving the County of Nordland. Nordlandsbanken was at the end a wholly owned subsidiary of DnB NOR who bought the bank in 2003. It had total assets of NOK 22 billion and headquarters in Bodø. The bank had 17 branches.
Den norske Bank or DnB was a Norwegian bank that existed between 1990 and 2003 when it merged with Gjensidige NOR to form DnB NOR. The bank's headquarters were in Bergen, Norway.
Vital Forsikring ASA, branded as Vital is Norway's largest life insurance and pension insurance company, and part of the DnB NOR Group. Though Vital has roots back to 1847, it was created in its present form by a merger between Vital and Gjensidige NOR's life insurance section after the mother companies merged in 2003. Vital has its headquarters in Bergen, Norway and has total assets of 200 billion kr.
Union Bank of Norway branded as Sparebanken NOR was Norway's largest savings bank between 1990 and 1999. The bank was created as a merger between Sparebanken ABC and four other regional savings banks. The new bank had its headquarters in Oslo and was in existence until 1999 when it merged with Gjensidige to form Gjensidige NOR. Today the bank is part of DnB NOR.
Sparebanken ABC, sometimes branded as ABC Bank, was a Norwegian savings bank based in Oslo, in existence between 1985 and 1990. The bank was a merger between Sparebanken Oslo/Akershus as Christiania Sparebank) and Fellesbanken. The bank lasted until 1990 when it merged with four other savings banks in Eastern Norway to create Sparebanken NOR. The bank is now part of DnB NOR after Sparebanken NOR merged with Gjensidige to create Gjensidige NOR in 1999 and Gjensidige NOR merged with Den norske Bank in 2003 to create DnB NOR.
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 Oppland county. Gjensidige demutualised and listed on the Oslo Stock Exchange in December 2010. The firm, headquartered in Oslo, has a market share of some 25% (2016) 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.
Fellesbanken was a Norwegian bank that existed between 1920 and 1985 with offices in Oslo, Norway. It was created as a central bank for the Norwegian savings banks as well as functioning as a commercial bank. It merged with Sparebanken Oslo/Akershus in 1985 to form Sparebanken ABC. It is now part of DnB NOR.
Eika Gruppen, formerly Terra-Gruppen, branded as Terra is a strategic alliance among 77 local Norwegian savings banks that co-ordinates work within the areas defined as falling within the alliance. The group supplies competitive products and services to banks and other actors within the financial sector. The services of Eika include joint solutions for product development, procurement of services and products relating to information technology and payment processing, project management, training and expertise development. The financial companies provides a wide range of financial products, including securities, insurance and real estate agencies, financing and debit cards and credit cards. The alliance has its headquarters in Oslo, Norway, and the ownerbanks has a total assets of NOK 250 billion.
Sparebank is a Norwegian savings bank without external owners. The Norwegian sparebanks are a separate type of juridical entity that differ from commercial banks. There are a total of 123 savings banks in Norway.
Cooperatives of Norway have been created to represent the interest of either customers or suppliers. Areas with cooperatives include retailing, food manufacturing, banking and insurance. Most cooperatives are registered as BA entities.
Olav Hytta is a Norwegian businessperson.
Torkel Wetterhus is a Norwegian businessperson and politician.
Helge Leiro Baastad is a Norwegian businessperson.
