Tagged: capital

Fitch affirms DnB NOR Bank at A+

Fitch Ratings has today Sept. 29 affirmed DnB NOR Bank’s Long-term Issuer Default Rating (IDR) of ‘A+’, Short-term IDR of ‘F1’, Individual Rating of ‘B’, Support Rating of ‘1’ and Support Rating Floor of...

Norwegian bank DnB NOR makes $2.4 billion cash call

Norway’s largest financial group, DnB NOR ASA, said it would try to raise capital with a NOK 14 billion ($2.4 billion) rights issue to offset losses suffered during the financial crisis. Despite first-quarter gains,...

Call on Norway to step up fight against tax havens

  Illicit financial flows hamper development in poor countries. A government-appointed commission proposes a number of measures to reduce the adverse effects of tax havens. The Commission on Capital Flight from Developing Countries has...

Norway’s new corp debt fund says ready to invest

Norway’s new $7.44 billion corporate debt fund is ready to make its first investments and will build up a portfolio over the coming year, the social insurance fund Folketrygdfondet said on March 18. The...

A more ambitious Norwegian development policy

  “Climate change and the economic downturn threaten to undermine what we have achieved in the fight against poverty. We must be more strategic in our development policy in order to achieve more,” said...