1927 headquarters oslo norway area served norway products loans website www.kbn.org kommunalbanken norway kbn is a aaa aaa rated local government funding agency 100 per cent owned by the royal ministry of local government and regional development on behalf of the kingdom of norway . established by an act of parliament in 1926 as a state administrative body and started operations in 1927 . kbn gained its current status and structure through a conversion act in 1999 . kbn is a direct continuation of its predecessor norges kommunalbank and has for 85 years been the main provider of credit to the local government sector in norway . today kbn is defined as a state instrumentality serving a public policy function of providing low cost funding to norwegian municipalities . the agency s mandate also includes promoting competition in the market thereby facilitating the efficient provision of public services in norway . kbns operations are strictly regulated and the agency may only lend to norwegian local governments counties and inter municipal companies and against a local government guarantee . kbn is the largest provider of credit to local authorities in norway commanding a market share of approximately 50 per cent . more than 97 per cent of municipalities and counties have loans with kbn . 1 total balance sheet equivalent to eur 48 bn . 2 references edit kommunalbanken . kommunalbanken norway lending . kommunalbanken . kommunalbanken norway financial reports . external links edit corporate web site v t e norwegian state banks state banks educational loan fund housing bank norges bank public service pension fund shared ownership dnb nor kommunalbanken heritage agriculture bank den norske bank kredittkassen norges hypotekbank postbanken retrieved from https en.wikipedia.org w index.php title kommunalbanken & oldid 647086777 categories banks of norwayformer norwegian government agenciescompanies based in oslobanks established in 1927 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages norsk bokm l edit links this page was last modified on 14 february 2015 at 11 32 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view