DNB Bank

JSC DNB Bank is the universal bank performing all main types of banking activities presented at the market of financial services including service of private and corporate clients and investment banking business. Offices of bank are located in the cities of Murmansk region – Murmansk, Monchegorsk, Polyarnye Zori, operational cash desk — on the Kola NPP.

Performance Indicators

For April 1, 2014 assets of DNB of Bank were 5.9 billion rubles, the capital — 1.4 billion (data of a ranking of Interfax). In deposits of citizens 2 billion rubles are placed.

History

2006: Rosbank sells Monchebank of the Norwegian DnB NOR

On January 31, 2006 the deal of purchase and sale of shares of JSC Monchebank between JSB Rosbank and the largest Norges Bank of DnB NOR was closed.^[1] became JSC Monchebank subsidiary bank of the Norges Bank].

2011: Change of the name with DNB Bank

On November 11, 2011, rebranding of the NOR DNB financial group took place, it changed the name to DNB.

DNB NOR developed in previous years promptly: the group is provided in 19 countries of the world, has several affiliated enterprises which are engaged in life insurance, leasing, other directions of financial activities (Postbanken, Vital, etc.). In Russia the NOR DNB group is provided to JSC DNB NOR Monchebank.

Still all these companies worked under different names. Shareholders made the decision that since November 11, 2011, the group begins to work under the uniform name – DNB – and in Norway, and around the world, leading uniform strategy and marketing.

Rebranding of JSC DNB NOR Monchebank as the DNB subsidiary company, took place in the first quarter 2012^[2].

2012

Profit of 80 million rub

At the end of 2012 the profit of bank after payment of taxes was 80,477,080 rub 45 kopeks. Shareholders made the decision not to pay share dividends of bank for last 2012, and to leave retained earnings at the disposal of bank.

Annual meeting of shareholders of "DNB of Bank" elected Board of Directors of Bank in the following structure:

• Arild Fredriksen,
• Jan Steynar Rognlid,
• Greek Skramstad,
• To Sendra Noss,
• Morten Styover,
• Terje Ternes.

For 2013 the Ernst & Young auditing company is approved as the auditor of Bank.

Annual meeting of shareholders of bank permited "DNB to Bank" to enter Murmansk Guild of Realtors non-profit partnership.

63 place on the volume of mortgage loans

According to the rating of the RBC agency, JSC DNB Bank for 1/1/2013 took the 63rd place among all Russian banks on volumes of the issued mortgage loans in 2012 (659.8 million rubles). It is 86.6% more, than in previous year.

According to data of the same agency, the number of active bank cards in the address for 1/1/2013 was 14,784 pieces of Software to this indicator the bank took the 89th place in the Russian Federation. As of June 01, 2013 in Russia 896 commercial banks work.

2013: Assets of 6 billion rub (+16%)

At the end of 2013 assets of DNB of Bank exceeded 6 billion rubles, having increased by 16%. The gain of the retail credit portfolio made more than 32%, term deposits of individuals grew by 58%. DNB Bank has stable base of retail and corporate clients. cost/Income indicator (to reserves) at the end of 2013 was at the level of 60%.

2014: Norwegians sell DNB Bank the owner of B&N Bank

In April, 2014 it became known that Asokerco Trading Limited company which beneficiary is Mikail Shishkhanov the major shareholder of B&N Bank, takes 100% of shares of JSC DNB Bank located in Murmansk. At the time of the transaction the owner of bank is the Norwegian financial group DnB NOR Group. Terms of transaction are not disclosed.

— This acquisition is aimed at expansion of regional presence of B&N Bank - it is the optimal and most effective method of entry into the market of Murmansk region allowing to receive in one step loyal customer base and steady profitable business — Mikail Shishkhanov notes. — DNB Bank having seven departments is self-sufficient for further work in the region and at the same time is capable to generate a positive financial result.

As explained to Izvestia in B&N Bank, the parties intend to close the transaction within the coming 4 months^[3].

Notes