Norges Bank

(redirected from Bank of Norway)

Norges Bank

The central bank of Norway. It controls issue of the Norwegian krone. It is responsible for controlling inflation and for maintaining financial stability. It also operates Norges Bank Investment Management, which is the Norwegian sovereign wealth fund. It was established in 1816.
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"The central banks back to the financial crisis -- that was before my time -- they did a great job," Oystein Olsen, head of the central bank of Norway, said in an interview.
The Bank of Norway, which manages the fund, said in a statement that "the Government Pension Fund Global returned 3.0 percent, or 256 billion kroner (25.7 billion euros, $28.5 billion) in the second quarter of 2019."
The head of the central bank of Norway has indicated that the apex bank could tighten rates soon.
b) For holders of American Depositary Receipts (ADRs) holders under the ADR program in the US, the subscription price is equal to the subscription price for the shareholders on Oslo Brs converted into USD based on an average of the Central Bank of Norway's USD exchange rate over the last two trading days of the subscription period.
BankAxept card functionality is, according to the Central Bank of Norway,...
Norges Bank is the central bank of Norway, Europe's largest oil and gas exporter, according to the International Energy Agency, an industry that pumps money into the Government Pension Fund.
According to DNB Markets, an affiliate of the largest bank of Norway, the global fleet of dry bulk carriers is bound to expand in 2014, but at the slowest pace in a decade.
However, the commercial banks and savings banks often disagreed about the choice of solutions, as did the banks and Postal Giro/Postal Savings Bank of Norway. The authorities therefore saw a need for some direction and coordination of the process over and above industry self-regulation.
Global Banking News-March 17, 2011--Central bank of Norway maintains rate(C)2011 ENPublishing - http://www.enpublishing.co.uk
Analysts with Norges Bank, the central bank of Norway, are predicting that the European real estate market has further to fall.
Svein Gjedrem, a Norwegian economist and governor of the Central Bank of Norway, doesn't believe any portion of the fund should be earmarked, preferring that the fund simply aim for the highest returns possible.