DnB NOR Bank ASA
Bank DnB NORD to focus on core markets

DnB NOR Bank ASA / 

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Bank DnB NORD A/S, a joint venture owned 51% by Norwegian DnB NOR ASA and 49%
by German NORD/LB Norddeutsche Landesbank and headquartered in Copenhagen,
today decided to reorganise its operations in Denmark and Finland. Bank DnB
NORD will now focus on its Eastern European core markets Estonia, Latvia,
Lithuania and Poland where the bank has a relevant market size or reasonable
growth potential. 
 
While the headquarters will remain in Copenhagen, customers in the Danish and
Finnish portfolio will be serviced by DnB NOR and NORD/LB directly. Customer
relationships in Denmark and Finland will be continued according to the
shareholding split in the joint venture. The ownership of DnB NORD A/S remains
unchanged. 
 
Both parent banks welcome the sharpening of the strategic focus of DnB NORD on
its core markets in the Baltics and Poland and confirm their continued and full
support of the joint venture DnB NORD. 

News Source: NASDAQ OMX

29.06.2009  Financial News transmitted by DGAP
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Language:     English
Issuer:       DnB NOR Bank ASA
              
               
              Latvia
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         LV0000800399
WKN:          
 
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