Norwegian Industrial Bank
Encyclopedia
The Norwegian Industrial Bank , also known as the Industry Bank, was a Norwegian bank.
It had a nationwide mandate as an industrial development bank. It was created in 1936, amid the interwar economic crisis, to supply loans to industry and hotels. The Norwegian state owned about half of the shares. In 1977 it incorporated the loan institution Strukturfinans. In 1993 it merged with the Industry Fund and the Regional Development Fund
to form the Norwegian Industrial and Regional Development Fund, now a part of Innovation Norway
.
It had a nationwide mandate as an industrial development bank. It was created in 1936, amid the interwar economic crisis, to supply loans to industry and hotels. The Norwegian state owned about half of the shares. In 1977 it incorporated the loan institution Strukturfinans. In 1993 it merged with the Industry Fund and the Regional Development Fund
Regional Development Fund
The Regional Development Fund was a government agency and bank in Norway tasked with promoting regional development by counselling, loans and subsidies. The fund was established in 1961 and existed until 1993, when it was merged with the Industry Bank and the Industry Fund to form the Norwegian...
to form the Norwegian Industrial and Regional Development Fund, now a part of Innovation Norway
Innovation Norway
Innovation Norway is a state-owned company started in 2004 that replaced four governmental organisations. These organisations were:* The Norwegian Tourist Board* The Norwegian Trade Council* The Norwegian Industrial and Regional Development Fund...
.