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Bank of Norway

 

Bank of Norway Logo

Bank of Norway (Norges Bank / Noregs Bank) is the central bank of Norway. Apart from having traditional central bank responsibilities such as financial stability and price stability, it manages The Government Pension Fund of Norway, a stabilization fund that is one of the world's largest investment pools.

 
 

The Bank shall promote economic stability in Norway. Norges Bank has executive and advisory responsibilities in the area of monetary policy and is responsible for promoting robust and efficient payment systems and financial markets. Norges Bank manages Norway’s foreign exchange reserves and the Government Pension Fund Global.

The objectives of the Bank's core activities are price stability, financial stability and added value in investment management. The Central Bank Governor is Chairman and the Deputy Central Bank Governor is Deputy Chairman of the Executive Board. The Governor is responsible for the day-to-day management of the Bank, and represents the Bank externally.


The Supervisory Council supervises the Bank’s operations and ensures that the rules governing the Bank's activities are observed, adopts the annual accounts and approves the Bank's budget. The Council comprises fifteen members, all elected by the Storting (Norwegian parliament).

Organisation of the bank’s operations is based on clearly defined core activities. Norges Bank shall:

 • promote price stability by means of monetary policy;
 • promote financial stability and contribute to robust and efficient financial infrastructures and payment systems; and
 • manage the portfolios of the GPFG, the bank’s own foreign exchange reserves and the Government Petroleum Insurance Fund in an efficient and confidence-inspiring manner.

Norges Bank must be well managed and pursue a goal-oriented approach, as consistent as possible with international best practice. Bank of Norway also responsible in determined the Base Rate in Norway.
 

Bank of Norway HQ Location Map

Norges Bank
HQ Address: Bankplassen 2
0151 Oslo
Norwa
Tel: +47 22 31 60 00
Fax: +47 22 41 31 05
Website: www.norges-bank.no
Swift Code: NBHKNOKK
Currency: Norwegian krone
Banking Hours: Mon - Fri : 10.00am - 2.00pm
 

 

In achieving the functions as mentioned above, the Bank commits itself to providing effective support functions through a sound banking and financial control system, appropriate information system and the development of competent and qualified staff.
 

List of banks governed by the Bank of Norway
Commercial Banks
» Bank 1 Oslo » Fokus Bank » Santander Consumer Bank
» Bank2 » Glitnir Bank » Pareto Bank
» Demir-Halk Bank (Nederlands) N.V » Landkreditt Bank » SEB Privatbanken
» Bolig- og Næringsbanken » Netfonds Bank » Storebrand Bank
» Cresco » Nordea Bank Norge » Verdibanken
» DnB NOR Bank » Nordlandsbanken » Voss Veksel- og Landmandsbank

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