[ noun ] the capital and largest city of Norway; the country's main port; located at the head of a fjord on Norway's southern coast <noun.location>
Y7.55 Christiania Bank og Kreditkasse FRN 1997 Dollars 263.96 Do.
However, DnB is not expected to launch a share offering until 1994 and it is likely to be smaller than Christiania's. Christiania Bank and DnB returned to profit in the first half after several successive years of losses.
However, DnB is not expected to launch a share offering until 1994 and it is likely to be smaller than Christiania's. Christiania Bank and DnB returned to profit in the first half after several successive years of losses.
Christiania Bank, which the government had sought to sell, but failed, required NKr7.864bn alone.
Den norske Bank and Christiania Bank, the two largest banks, have carried out NKr2bn international share offerings in recent months, reducing state ownership to 72.5 and 69 per cent respectively.
Christiania Bank and Realkreditt originally agreed to merge last August, in a transaction valuing Realkreditt at roughly 1.8 billion Norwegian kroner (US$301 million).
Christiania reported a second-quarter net loss of 1.36 billion kroner ($200.3 million), compared with a net loss of 132 million kroner a year earlier.
A decision to relist the bank in Oslo could be made this month. Christiania lifted first-half net interest income to NKr1.555bn from NKr1.413bn last year.
Christiania Bank, Norway's second-largest commercial bank, yesterday reported a sharp improvement in its nine-month results.
Belvedere last month ended talks aimed at the merger of Belvedere and Storebrand America's Christiania Holding Co. in exchange for Belvedere's common stock.
Fokus and DnB also had massive support. It still remains unclear if the ownership of Christiania Bank will remain in Norwegian hands.