Grong Sparebank
OOSL:GRONG171.98
NOK
+4.78
(+2.86%)
ISIN
NO0010636491
Return %
Stock
S&P 500
1Y
10.97
14.39
3Y
21.11
81.42
5Y
33.49
68.62
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
NOK
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
NOK
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in mil. unless spec.Company Description
- CEO
- Jon Håvard Solum
- Full Time Employees
- 89
- Sector
- Finance
- Industry
- Savings banks
- Address
- Grong Norway
- IPO Date
- Jun 14, 2017
- Website
- grong-sparebank.no
- Similar Companies
- Business
- Grong Sparebank is an independent Norwegian regional savings bank providing a comprehensive range of retail and commercial banking products and financial services to private individuals, agricultural enterprises, and small to medium-sized businesses across Trøndelag and Nordland counties. Founded in 1862 and headquartered in Grong, Norway, the bank operates a network of regional branch offices across municipalities including Grong, Namsos, Steinkjer, Rørvik, and Mosjøen. The company conducts its operations through two primary business segments: Retail Banking and Corporate Banking. Its comprehensive product and service offerings comprise retail deposit and savings solutions, including checking accounts, high-yield savings, and youth housing savings plans (BSU); residential mortgage financing, home equity credit lines, bridge financing, vehicle and boat loans, and unsecured consumer credit; debit and credit card issuance, digital payment processing, electronic identification services, and web- and mobile-based banking applications; individual and non-life insurance distribution, encompassing home, contents, motor vehicle, leisure craft, travel, personal accident, disability, and term life coverage; wealth management, mutual fund distribution, securities trading brokerage, individual pension savings schemes, and financial planning advisory; and commercial financing solutions, including working capital facilities, agricultural operating credit, equipment and machinery leasing, commercial real estate loans, corporate deposit management, merchant acquiring services, payroll administration, group occupational pension schemes, and commercial liability and property insurance. Grong Sparebank operates as a member owner of the Eika Alliance (Eika Alliansen), collaborating with Eika Gruppen AS and Eika Boligkreditt AS for shared infrastructure, product development, IT operations, insurance distribution, asset management, and covered bond issuance. In recent developments, Grong Sparebank has expanded its regional advisory presence across Central and Northern Norway to strengthen its market share in SME and agricultural lending. In alignment with the Eika Alliance, the bank has accelerated its digital transformation initiatives by rolling out next-generation mobile banking applications, automated digital mortgage application systems, and enhanced cloud-based core banking and cybersecurity platforms. The institution has also introduced green residential mortgages and sustainable agricultural and business financing frameworks tailored to energy-efficient building projects and low-emission farming transitions. Additionally, the bank maintains active capital optimization programs and liquidity management strategies through its primary capital certificates (egenkapitalbevis) listed on Euronext Oslo Børs under the ticker symbol GRONG.