Sparebanken Norge
19.80
USD
-0.20
(-1.00%)
ISIN
NO0006000900
Return %
Stock
S&P 500
1Y
24.92
14.20
3Y
114.49
81.12
5Y
114.49
68.34
Capital Structure
NOK
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
NOK
•
in mil. unless spec.Quarterly Revenue
NOK
•
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
- Jan-Erik Kjerpeseth
- Full Time Employees
- 1,644
- Sector
- Finance
- Industry
- Major banks
- Address
- Jonsvollsgaten 2 Bergen HL Norway 5011
- IPO Date
- Jan 4, 1995
- Website
- spv.no
- Similar Companies
- Business
- Sparebanken Norge is a regional savings bank that provides retail and corporate banking services in Norway, with a focus on local communities and SME clients. Headquarters are in Oslo, and the group engages in a broad range of financial activities through its core banking, wealth management, and insurance-related offerings, alongside partnerships within the SpareBank 1 Alliance to expand product access. Main Products and Services: current accounts, savings and deposit products, payment services (card and digital payments), consumer and mortgage loans, corporate loans and financing solutions, cash management and payment processing, wealth and asset management, advisory and brokerage services, insurance products and risk management solutions, digital banking and mobile banking platforms, financial planning and fiduciary services, and specialist financing for sectors such as real estate, public sector, and SMEs. The bank also coordinates advisory and risk assessment services for corporate clients, including treasury, liquidity management, and structured finance offerings, delivered through online and branch channels, with cross-sell opportunities across its product lines. Latest Major Company Changes: recent strategic developments include a merger integration with Oslofjord Sparebank, aimed at achieving significant cost and capital synergies; continued execution of efficiency programs to optimize operating costs and improve scalability; expansion of digital platforms and payment capabilities to enhance customer experience; and ongoing refinement of the product suite through partnerships within the SpareBank 1 Alliance to broaden distribution and product access. The group reports progress toward synergy targets and revises financial objectives in light of integration, with a continued emphasis on strong ROE and prudent balance sheet management. Industry context and geography: Sparebanken Norge operates primarily in the Norwegian retail banking and regional SME segments, serving individuals, households, and small to medium-sized enterprises across Norway with a particular emphasis on local market presence and community banking. Geographic operations span Norway, with headquarters in Oslo and branch network across key regions, complemented by alliance-based distribution and shared services to extend reach. Subsidiaries and parent relationships are organized through the SpareBank 1 Alliance framework, leveraging collaboration with partner banks to deliver enhanced services and product breadth while maintaining a locally anchored, customer-centric business model.
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