Kommunalbanken AS (KBN) finances important welfare services through providing credit to the local authorities in Norway. KBN is defined as a state instrumentality, having a public policy mandate from the central government to provide low cost financing to the Norwegian local government sector.
The Norwegian central government exercises its ownership through the Annual General Meeting and appoints members of the Board of Directors and the Supervisory Board as set out in KBN's Articles of Association.
Ownership and support
Certificate of Registration (PDF)