Hereditary Kingdom of Norway same evening, choosing the name Haakon, a traditional name used by Norwegian kings. The last king with that name had been Haakon VI, who died in the year 1380. The new king therefore became Haakon VII, King of Norway. His two-year-old son Alexander, the heir apparent, was renamed Olav and became Crown Prince Olav. The new royal family arrived in the capital Kristiania (later Oslo) on 25 November. Haakon VII was sworn in as king of Norway on 27 November. The early years of the new Norwegian monarchy were marked by a shortage of funds. The Norwegian state was poor
Cooperatives of Norway late 1980s these were allowed to create stocks, or "grunnfondsbevis", to increase their capital. This has led to a lot of the banks being partially private and no longer cooperatives. Still, many of the smaller bank have remained as true cooperatives. Formally the banks are considered self-owning and not customer owned. Cooperatives of Norway Cooperatives of Norway have been created to represent the interest of either customers or suppliers. Areas with cooperatives include retailing, food manufacturing, banking and insurance. Most cooperatives are registered as BA entities. Coop NKL, part of Coop Norden, is the second largest retail group in Norway,