Haugesund Sparebank
OOSL:HGSB153.02
NOK
-6.42
(-4.03%)
ISIN
NO0010764053
Return %
Stock
S&P 500
1Y
-3.76
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
NOK
•
in mil. unless spec.Working Capital
NOK
•
in mil. unless spec.Growth Rates
NOK
•
in mil. unless spec.Quarterly Revenue
NOK
•
in mil. unless spec.Quarterly Earnings Per Share
NOK
•
in mil. unless spec.Quarterly Dividends Per Share
NOK
•
in mil. unless spec.Company Description
- CEO
- Bente Haraldson Syre
- Full Time Employees
- 90
- Sector
- Finance
- Industry
- Savings banks
- Address
- Smedasundet 77 Haugesund RO Norway 5528
- IPO Date
- Jul 5, 2024
- Website
- haugesund-sparebank.no
- Similar Companies
- Business
- Haugesund Sparebank is a Norwegian savings bank primarily engaged in providing a comprehensive range of financial products and services to retail and corporate customers. Its main offerings include personal banking products such as current, deposit, and association accounts; mortgage loans; consumer loans including car, boat, and other vehicle loans; savings accounts; shares and funds; pension savings; and savings for children and youth. The bank also provides various insurance products including vehicle, boat, leisure, house and contents, life, and health insurance. Additionally, it offers payment services such as bank and credit cards, mobile and watch payments, payment apps, as well as online and mobile banking. For corporate clients, Haugesund Sparebank delivers business loans, overdrafts, agricultural and construction loans, leasing solutions, bank guarantees, current accounts, payment solutions, online business services, savings and investment products, and insurance and pension plans. The bank also operates in real estate brokerage, securities trading, and digital banking services. Founded in 1928 and headquartered in Haugesund, Norway, Haugesund Sparebank operates primarily in the Rogaland and Vestland regions on the Norwegian west coast. A major recent development is the merger with Tysnes Sparebank completed in September 2025, creating a stronger regional bank with 12 branches across Sunnhordland, Haugalandet, and Bergen, and approximately 90 employees. The merger establishes Haugesund Sparebank as one of the largest banks within the Eika Alliance with business capital of approximately 25 billion NOK. This consolidation aims to enhance capacity, competence, and local presence while maintaining a strong local banking ethos. Haugesund Sparebank is also part of the 'De Samarbeidende Sparebankene' (DSS) alliance, which provides operational synergies through shared IT costs, risk management, and financing through mortgage frameworks such as Eika Boligkreditt and Verd Boligkreditt. The bank holds strategic ownership stakes in affiliated companies including insurance firm Frende Forsikring, financing company Brage Finans, securities firm Norne Securities, mortgage credit institution Verd Boligkreditt, and the real estate agency Eiendomsmegler A. The bank's recent operational focus includes expanding digital services, strengthening local customer advisory capabilities, and continuing sustainable banking practices within its community footprint. Haugesund Sparebank is publicly listed on the Euronext Oslo Børs under the ticker HGSB. It maintains a solid credit profile with a BBB+ long-term rating affirmed in 2025 and has demonstrated steady growth in assets and lending, particularly in the retail mortgage segment, supported by the regional real estate market conditions. Its geographic operations, customer segments, and alliances position it as a well-established local savings bank with a broad product offering and a strong regional market presence in Norway.