New limited company for cash handling in Norway
Norges Bank, Den norske Bank ASA, Gjensidige Nor Sparebank, SpareBank 1 Gruppen AS, Terra-Gruppen AS, Fokus Bank ASA and Nordlandsbanken ASA have today founded a joint limited company for cash handling. The mission of the company is to establish secure, efficient and profitable solutions for cash handling, and realise synergy effects and market opportunities. The company will perform cash handling services for banks in Norway, and execute statutory central bank functions for Norges Bank.
The company's share capital will be NOK 50 million and the number of employees is expected to be 450-500 on a nationwide basis.
The company will be represented in Tromsø, Trondheim, Bergen, Stavanger, Kristiansand, Larvik, Lillehammer and Oslo.
The company will be established from 1 July 2001.
Press telephone: +47 21 49 09 30