The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Norway

BEST BANK
DnB Nor

BEST DEBT HOUSE 
Citigroup

BEST EQUITY HOUSE
DnB Nor

BEST M&A HOUSE
Enskilda Securities

A year on from the merger of DnB and Gjensidige Nor, DnB Nor is not resting on its laurels as the largest financial services group in Norway. In 2004, profits rose 37% to NKr7.38 billion ($1.15 billion) compared with Nkr5.38 billion in 2003, while earnings per share increased from NKr4.61 to NKr6.05. The merger has proved a great success, with cost savings ahead of schedule at NKr705 million at the end of 2004 compared with an expected NKr528 million. That helped to improve return on equity to 17.4% from 14.3% in 2003.

Citigroup is not the number one bookrunner in Norway – it is fourth behind the government for managing its own deals, Royal Bank of Canada for its clever Australian dollar and Canadian dollar deals and Morgan Stanley – but it is a big player in Norway. It was bookrunner on one of the largest deals of the year, the $1 billion issue for Eksportfinans in June 2004 – along with Goldman Sachs and Nomura International – and also the €750 million FRN for DnB Nor in January with Dresdner Kleinwort Wasserstein and HSBC.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree