SpareBank 1 Nord-Norge

SpareBank 1 Nord-Norge

SPXXF
SpareBank 1 Nord-NorgeUS flagOther OTC
16.00
USD
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- -
1.61BMarket Cap
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChatGPT
CEO
Hanne Karoline Kraemer
Full Time Employees
923
Sector
Financial Services
Industry
Banks - Regional
Address
Storgata 65 Tromsø TR Norway 9008
IPO Date
Jul 31, 2018
Business
SpareBank 1 Nord-Norge, a leading Norwegian savings bank headquartered in Tromsø and founded in 1836 through the origins of Tromsø Sparebank, provides comprehensive banking services across Northern Norway, including Nordland, Troms, Finnmark, and Svalbard; it operates approximately 38 to 90 branches serving over 250,000 retail customers and 40,000 corporate clients, with a focus on the SME sector amid regional industries such as aquaculture, fisheries, high technology, and tourism. The bank offers core products and services through its Retail Market and Corporate Market segments, encompassing savings and pension accounts, deposits, loans including housing and car financing, bank guarantees, letters of credit, foreign currency accounts, debit and credit cards, payments, insurance products covering children, housing, income, and vehicles, as well as factoring, lease financing, cash management, foreign exchange, financial advisory, real estate brokerage, asset management, and accounting operations; it benefits from membership in the SpareBank 1 alliance, enhancing its product offerings. In recent developments, SpareBank 1 Nord-Norge, holding a 14.5% stake in SpareBank 1 Markets, participates in a strategic partnership with Swedbank to form SB1 Markets, a leading Nordic investment bank through the acquisition of Swedbank's corporate finance and high-yield debt operations, expanding equity research, sales, and advisory services across the region with operations commencing in 2025.