Sparebanken Sogn og Fjordane is the largest bankin the county of Sogn og Fjordane, with total assetsof NOK 45.9 billion and 273 full-time equivalentemployees. The Bank has 22 branches and 21“bank-in-shop” outlets in the county, and is presentin 21 of the county’s 26 municipalities. It also hasa branch in Bergen.
RETAIL BANKING MARKET
We are the dominant player in the retail banking market in the county of Sogn og Fjordane. We have NOK 29.2 billion in outstanding loans to people in Sogn og Fjordane and the rest of Norway. This comprises 73 percent of the Bank’s total
lending. Deposits from retail customers total NOK 14.6 billion, comprising 64% of our total deposits. The Bank aims to have regional financial services centres offering financing, investment, estate agency and insurance products. The Bank has a
10 percent ownership interest in the insurance company Frende Forsikring AS, which it uses as a supplier of various insurance products. We also operate 15 cash machines, and 62,000 of our customers have signed up for online banking.
CORPORATE BANKING MARKET
The Bank has NOK 11.0 billion of outstanding loans to businesses, primarily in the county of Sogn og Fjordane. This comprises 27 percent of the Bank’s total lending. Corporate deposits total NOK 6.4 billion.
Many of the municipalities in the county use Sparebanken Sogn og Fjordane as their main bank. In total, the municipal sector has NOK 2.0 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 sponsor most major cultural events in the county, and have set aside NOK 60 million of our 2015 profits for gifts/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 2016 interim reports on 27 April 2016 (Q1), 11 August 2016 (Q2) and 26 October 2015 (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.