Norges Bank / Noregs Bank is the central bank of Norway. Apart from having traditional central bank responsibilities such as financial stability and price stability, it manages the Government Pension Fund of Norway, a stabilization fund that is the world’s largest sovereign wealth fund.
The history of the central bank of Norway can be easily traced back to 1816, when, two years after the separation from Denmark and the union with Sweden, Norges Bank was established by Act of the Storting (the Norwegian parliament) on 14 June. The bank is responsible for the execution of monetary and exchange rate policy. It is also responsible for analyzing trends in the Norwegian economy, paying particular attention to financial markets, and giving the Government advice on matters relating to economic policy.
The world’s largest sovereign wealth fund (SWF) as of June 2022 was Norges Bank Investment Management, managing assets reaching around 1.36 trillion U.S. dollars. The fund is also known as Norway’s oil fund and was established in 1969 after Norway’s discovery of oil in the North Sea.
NBIM is a separate part of Norges Bank and is responsible for the management of the Government Pension Fund – Global. NBIM also manages Norges Bank’s foreign exchange reserves. NBIM invests the fund’s assets and the foreign exchange reserves in international equities and fixed income instruments, money market instruments and derivatives.
The Head Office is located in Oslo. Norges Bank Investment Management also has branches in New York, London, Shanghai and Singapore.
According to Wikipedia; statista