COBALT advised AS DNB Pank in applying for an additional authorisation

COBALT Estonia advised Aktsiaselts DNB Pank, a subsidiary of Norway’s largest financial services group, DNB Bank ASA, in applying for an additional credit institution’s authorisation from the European Central Bank and the Estonian Financial Supervision Authority.

In comparison with the previous credit institution’s authorisation issued to Aktsiaselts DNB Pank, the additional credit institution’s authorisation allows Aktsiaselts DNB Pank to broaden its product and service portfolio, and provide to its clients also investment and ancillary services.

COBALT advised Aktsiaselts DNB Pank in all matters related to applying for a new credit institution’s authorisation, including preparing for the application process, drafting the application and other documents required in relation to the process, and communicating with the supervisors carrying out the application proceedings.

COBALT’s team for this project included partner Kristel Raidla-Talur, associate Mattias Tammeaid and senior associate Heleri Tammiste.