trending Market Intelligence /marketintelligence/en/news-insights/trending/PDyKVozm0vw17YbgrfQh7w2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Norway's DNB to replace Shanghai branch with smaller representative office

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Norway's DNB to replace Shanghai branch with smaller representative office

Norway-based DNB ASA is shuttering its Shanghai branch because operations there have been slow for years and because it expects business to remain "very limited," Reuters reported, citing Vidar Andersen, head of the bank's international division.

The branch will be replaced by a representative office with three or four employees, down from the branch's headcount of 15, the newswire said. DNB previously had a representative office between 1982 and 2006, when it expanded to a branch.

Andersen said DNB's strategic objective in China is limited to Nordic clients and the company's product range is not competitive. The company expects to surrender its bank license for China in 2021, according to the report.