Sparebank 68 grader nord
OOSL:SB68210.00
NOK
0.00
(0.00%)
ISIN
NO0010887110
Return %
Stock
S&P 500
1Y
12.49
14.20
3Y
28.83
81.12
5Y
23.53
68.34
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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NOK
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in mil. unless spec.Company Description
- CEO
- Hugo Thode Hansen
- Full Time Employees
- 72
- Sector
- Finance
- Industry
- Major banks
- Address
- Leknes Norway
- IPO Date
- Aug 12, 2021
- Website
- 68nord.no
- Similar Companies
- Business
- SpareBank 68° Nord is a Norwegian regional savings bank providing a comprehensive suite of retail and commercial banking, insurance, and wealth management solutions to private individuals, agricultural businesses, and small to medium-sized enterprises across Northern Norway. The bank operates primarily through two core business segments: Retail Banking and Corporate Banking. Its extensive portfolio of financial products and services includes deposit and liquidity management solutions, featuring personal checking accounts, high-yield savings accounts, youth housing savings schemes (BSU), corporate operational accounts, and fixed-term commercial deposits; lending and financing facilities, comprising residential mortgages, energy-efficient green mortgages, construction financing, home equity refinancing, vehicle and boat loans, personal credit lines, commercial real estate loans, agricultural operating credits, equipment leasing, and factoring solutions; payment and cash management services, encompassing debit cards, credit cards, domestic and cross-border payment processing, electronic invoicing, Vipps payment integration, point-of-sale merchant solutions, corporate payroll distribution, and BankID digital identification infrastructure; insurance products distributed through Eika Forsikring, covering residential property, contents, motor vehicle, leisure craft, personal accident, disability, life, travel, commercial liability, cyber risk, business property, and agricultural insurance; and wealth management and pension solutions provided via Eika Kapitalforvaltning and Eika Gruppen, consisting of mutual funds, equity trading accounts, individual pension savings (IPS) plans, defined-contribution occupational pension schemes (OTP), institutional portfolio management, and real estate brokerage services operated under the Aktiv Eiendomsmegling brand. Tracing its historical foundations to 1926 through its predecessor savings institutions, the bank is headquartered in Harstad, Norway, with regional branch networks and advisory centers located across the Troms and Nordland regions, including Harstad, Narvik, and the Ofoten district. SpareBank 68° Nord operates as an owner-member of the Eika Alliance (Eika Alliansen), an alliance of independent Norwegian savings banks, enabling shared technological infrastructure, joint product development, and funding distribution through Eika Boligkreditt and Eika Kredittbank, with its primary equity certificates traded on the Oslo Stock Exchange under the ticker symbol SB68. In recent strategic and operational developments, SpareBank 68° Nord has accelerated its digital modernization program in conjunction with the Eika Alliance, implementing automated self-service loan application systems, enhanced mobile banking interfaces, and advanced digital advisory tools; expanded its sustainable finance program through the introduction of specialized green mortgage products and ESG-linked financing standards for commercial clients; realigned its branch operating model to create specialized regional advisory hubs for business and private banking; and expanded corporate advisory capabilities targeting growth in the maritime, construction, renewable energy, and tourism sectors across Northern Norway.