History of Norway company by 1985, just to go bankrupt by 1993. Unemployment reached record-high levels in the early 1990s. By 1990 Norway was Europe's largest oil producer and by 1995 it was the world's second-largest oil exporter. Membership in the European Union was rejected in a 1994 referendum, with Norway instead joining the European Economic Area and later also the Schengen Area. Large public investments in the 1990s were a new National Hospital and Oslo Airport, Gardermoen—connected to the capital with Norway's first high-speed railway, the Gardermoen Line. A number of large government companies, such as Statoil, Telenor and Kongsberg were privatized.
Capital First Ltd. was created. In 2013-14, the Company received the Housing Finance Company (HFC) License from National Housing Bank (NHB) for its wholly owned subsidiary Capital First Home Finance Limited. Capital First also launched new products like SME Business Loans, personal loans, affordable housing and scaled up the existing businesses. Between 2014 and 2017, Capital First has raised significant funding through investments from PE players and Qualified Institutional Placements (QIP). Reputed financial institutions across the world like Government Pension Fund Global (Norway), Jupiter Asset Management, Ashburton Limited, DNB Asset management (Norway), Nomura Asset Management, BNP Paribas Asset Management have invested in Capital