Established in 2015, Safe Deposit Bank of Norway (SDBN) is a Norwegian bank licensed by the Norwegian Ministry of Finance as a commercial bank with the sole purpose of placing Norwegian krone (NOK) deposits with the Norwegian Central Bank (Norges Bank). Safe Deposit Bank of Norway takes NOK deposits from professional investors and places them only with Norges Bank, so that its clients always know exactly where their cash is. SDBN does not perform any other banking business activities.
Being a fully regulated bank Safe Deposit Bank of Norway participates in the Norwegian Banks’ Guarantee Fund as a regular member, however due to the nature of SDBN business it is irrelevant.
Safe Deposit Bank of Norway AS is headquartered in OSLO.
Safe Deposit Bank of Norway AS is authorized and supervised by the Financial Supervisory Authority of Norway (reference number 999644392).