Type
Business expansion
Country
Norway
Region
Norge;
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.19 - Other monetary intermediation

100 jobs
Number of planned job creations
Job creation
Announcement Date
22 December 2016
Employment effect (start)
1 January 2017
Foreseen end date
31 December 2017

Description

DNB, Norway's largest financial services group, will hire 100 new employees in IT over the next year. The company has closed local banks and gradually reduced its staff over the past years as digitalisation has reduced the need for physical banks, and nine out of ten customers now primarily use online banking services. IT and Operations group executive vice president Liv Fiksdahl states that IT-specialists are the bank employees of the future, just as much as economists. She explains that DNB currently spends a lot of its resources on IT, and is now positioning itself for further growth in these services with several upcoming projects. DNB is also planning to outsource the operation of its digital payment platform Vipps, and is currently in talks with Microsoft and Amazon.


Sources

  • 22 December 2016: E24

Citation

Eurofound (2016), DNB, Business expansion in Norway, factsheet number 89690, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89690.