BN Bank to be cultivated as a retail bank
The Board of Directors of BN Bank AS has resolved to cultivate the bank as a retail bank and discontinue the corporate banking business, which consists of commercial property lending.The reason for the resolution is the desire to develop the retail banking business further by cultivating BN Bank as an offensive bank for customers who prefer a self-service concept and favourable interest rates over time.BN Bank is part of the SpareBank 1 Alliance. SpareBank 1 Nord-Norge, which owns 23.5 per cent of BN Bank, will continue its ownership in BN Bank and contribute to the implementation of the