Kommunalbanken (Norway)

Kommunalbanken Norway (KBN), headquartered in Oslo, Norway, was created in 1927 under the guise of its legal predecessor, Norges Kommunalbank, before creating its present structure in 1999. The Norwegian government owns it entirely on behalf of King Harald V of Norway.

KBN, the country's major loan provider for the local government sector, is tasked to offer low-cost lending to Norwegian provincial authorities while also encouraging market competition. With total reported assets of roughly $48.5 billion, it is closely controlled and lends primarily to Norwegian public agencies (at the local, county, and inter-municipal levels).

Type: Private

Website: www.kbn.com