RETAIL BANKING MARKET
We are the dominant player in the retail banking market in the county of Sogn og Fjordane. We have NOK 24.5 billion in outstanding loans to people in Sogn og Fjordane and the rest of Norway. This comprises 70 percent of the Bank’s total lending.
Deposits from retail customers total NOK 12.2 billion, comprising 59% of our total deposits. The Bank aims to have regional financial services centres offering financing, investment, estate agency and insurance products. In recent years the Bank has
been responsible for the sale and distribution of Gjensidige’s insurance products to retail customers in Sogn og Fjordane. We also operate 40 cash machines, and 55,000 of our customers have signed up for online banking.
CORPORATE BANKING MARKET
The Bank has NOK 10.3 billion of outstanding loans to businesses, primarily in the county of Sogn og Fjordane. This comprises 30 percent of the Bank’s total lending. Corporate deposits total NOK 5.8 billion.
Many of the municipalities in the county use Sparebanken Sogn og Fjordane as their main bank. In total, the public and financial sectors have NOK 2.6 billion of deposits held with us.
THE BANK AS A DRIVING FORCE IN THE COUNTY
Sparebanken Sogn og Fjordane’s vision is to be a driving force in the county. We aim to fulfil this vision by providing good advice and supplying capital to sound commercial projects and private individuals. We are also involved in a wide range of cultural
ventures, and recognise the value of culture – in the widest possible sense – to the development of local communities. We are the main sponsor of most major cultural events in the county, and have set aside NOK 40 million of our 2013 profits for donations and dividends, which mainly go to support the voluntary sector. Quality of life, diversity and innovation are the keywords that guide our contributions.
We expect to publish our 2014 interim reports on 29 April 2014 (Q1), 12 August 2014 (Q2) and 28 October 2014 (Q3). These reports will also be published here.
In addition to the parent bank, the Group operates through a total of three subsidiaries and three associates.