Sparebankstiftelsen DNB is a Norwegian foundation. The foundation gives financial contributions to a wide range of charitable causes, and is the second largest shareholder of the financial services company DNB. The foundation's capital is a result of accumulated profits from the former savings banks which are now part of DNB.
History
The foundation was created when the two savings banks Sparebanken NOR (bank) and Gjensidige (insurance) merged to Gjensidige NOR and in 2002 became a public limited company and listed on Oslo Stock Exchange. The foundation was created to own part of the company to continue the tradition of customers of savings bank's owning part of the bank. When Gjensidige NOR merged with Den norske Bank in 2003 to form DnB NOR, the company retained an ownership in the newly created company.