Norway · Financial institution
Kommunalbanken AS
Kommunalbanken AS (KBN) is a Norwegian limited liability company with its registered office in Oslo. It holds a credit institution licence from the Financial Supervisory Authority of Norway. The Norwegian state owns 100% of the company. It lends to municipalities, county authorities and companies that carry out local government tasks under a municipal guarantee. It funds this lending by issuing bonds in international capital markets. It continues Norges Kommunalbank, which began operating in 1927, and the current company was established on 1 November 1999.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- KOBANOKKXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under KOBANOKK directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 2014-03-15
- Last updated
- 2024-11-08
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
State-owned
100% Kingdom of Norway (Ministry of Local Government and Regional Development)
Institution type
Other
Trades as KBN
- Ownership
- The Norwegian state holds 100% of the shares and exercises its ownership through the Annual General Meeting.
- Direct parent
- Kingdom of Norway (Ministry of Local Government and Regional Development), Norway 100%
- Major shareholder
- Kingdom of Norway 100% · 30 Jun 2026
- Head office
- Filipstad Brygge 1, 0252 Oslo, Norway
- Company register
- 981 203 267, Register of Business Enterprises (Brønnøysund Register Centre)
Business lines
The bank lends in Norwegian kroner only to Norwegian municipalities, county authorities and entities whose loans are guaranteed by them, and funds itself in international capital markets.
Online
- Websites & references
- kbn.com ↗
kommunalbanken.wrep.it ↗ online annual and quarterly reports (Wrepit platform)
klimarisiko.kbn.com ↗ local climate risk tool
Wikipedia ↗
Wikidata Q369851 ↗ - Official social accounts
- LinkedIn ↗ · Instagram ↗ · YouTube ↗
Sources · 13 pages consulted
- kbn.com
- kbn.com/om-oss/selskapsinformasjon/ledergruppen/
- kbn.com/om-oss/selskapsinformasjon/styret/
- kbn.com/en/about-us/company-information/
- kbn.com/en/about-us/company-information/ownership-and-support/
- kbn.com/contentassets/2a62d6c151de47099c7caa508e4d90b7/wolfsberg-prinsippene.pdf
- kbn.com/investor/finansielle-rapporter/
- kbn.com/en/about-us/news
- kbn.com/en/about-us/news/2026/strong-quarterly-results-supported-by-contributions-from-hedging-co
- kommunalbanken.wrep.it/quarterly-report-q2-2026
- live.euronext.com/sites/default/files/company_press_releases/attachments_oslo/2026/02/12/665722_KBN%20Kvart
- kbn.com/om-oss/selskapsinformasjon/vedtekter/
- en.wikipedia.org/wiki/Kommunalbanken
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
Jannicke Trumpy Granquist
Administrerende direktør (CEO)
- Chair
-
Brit Kristin Rugland
Styreleder (Chair of the Board)
- Chief financial officer
-
Andrea Søfting
Økonomidirektør (CFO)
- Executive
-
Sigbjørn Birkeland
Direktør kapitalmarkeder, viseadministrerende direktør (Director Capital Markets, Deputy CEO)
- Executive
-
Andreas Lien Sandberg
Direktør juridisk og compliance (Director Legal and Compliance)
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- Norway
- Financial Supervisory Authority of Norway (Finanstilsynet) Prudential supervisorAML supervisorResolution
Recent events
Researched 29 Sep 2026 · Sources
-
Other
The Norwegian Tax Appeals Board ruled for the bank on the tax timing of financial instruments. About NOK 1 billion in tax was refunded with interest.
live.euronext.com ↗ -
Other
Finanstilsynet set the bank's Pillar 2 capital requirement at 1.1% of the Pillar 1 calculation basis, down 0.6 percentage points.
live.euronext.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- KOBANOKKXXX
- How the BIC breaks down
- KOBABank
- NOCountry · Norway
- KKLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- I7ETN0QQO2AHZZGHJ389
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- Norway · Europe & Central Asia
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
- Founded
- 1927
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- FILIPSTAD BRYGGE 1 OSLO 0252 NORWAY
- Operational address
- FILIPSTAD BRYGGE 1 OSLO 0252 OSLO NORWAY
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>KOBANOKKXXX</BICFI>
<LEI>I7ETN0QQO2AHZZGHJ389</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>KOBANOKKXXX</BICFI>
<LEI>I7ETN0QQO2AHZZGHJ389</LEI>
<Nm>KOMMUNALBANKEN AS</Nm>
<PstlAdr>
<TwnNm>OSLO</TwnNm>
<Ctry>NO</Ctry>
<AdrLine>FILIPSTAD BRYGGE 1 OSLO 0252</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Wikidata—CC0, matched on the BIC or LEI recorded in Wikidata. It is community-edited, so check key facts.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: Kommunalbanken · CC BY-SA 4.0 · Wikimedia Commons · original; Jannicke Trumpy Granquist: kbn.com (official website) · original; Brit Kristin Rugland: kbn.com (official website) · original; Andrea Søfting: kbn.com (official website) · original; Sigbjørn Birkeland: kbn.com (official website) · original; Andreas Lien Sandberg: kbn.com (official website) · original.
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