Sparebanken Sogn og Fjordane is the largest bank in the county of Sogn og Fjordane, with total assets of NOK 52,9 billion and 270 full-time equivalent employees. The Bank has 14 branches and 24“bank-in-shop” agreements in Sogn og Fjordane. It also has a branch in Bergen. ( pr.3rd quarter 2018).
Source: Annual report 2017
RETAIL BANKING MARKET
We are the dominant player in the retail banking market in the county of Sogn og Fjordane. We have NOK 33.7 billion in outstanding loans to people in Sogn og Fjordane and the rest of Norway. This comprises 74 percent of the Bank’s total lending. Deposits from retail customers total NOK 15.9 billion, comprising 60% of our total deposits. We 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 we use as a supplier of various insurance products. In addition, the Bank has a 7.5% interest in SB1 Finans Midt Norge AS. We also operate 13 cash machines, and 69,000 of our customers have signed up for online banking.
CORPORATE BANKING MARKET
The Bank has NOK 11.6 billion of outstanding loans to businesses, primarily in the county of Sogn og Fjordane. This represents 26 percent of the Bank’s total lending. Corporate deposits total NOK 7.9 billion.
Many of the municipalities in the county use Sparebanken Sogn og Fjordane as their main bank.
In total, the public sector has NOK 1.8 billion of deposits held with us. The Bank also has NOK 0.9 billion of deposits from financial institutions.
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. As part of this, we sponsor most major cultural events in the county. Of our profit for 2017, NOK 110.3 million has been allocated for dividends and gifts. Some of this goes to support the voluntary sector. Quality of life, diversity and innovation are the keywords that guide our contributions.
We expect to publish our 2018 interim reports on 25 April 2018 (Q1), 14 August 2018 (Q2) and
24 October 2018 (Q3). These reports will also be published here.
In addition to the parent company, the Group operates through three subsidiaries:
– Bustadkreditt Sogn og Fjordane AS
– Eigedomsmekling Sogn og Fjordane AS
– Bankeigedom Sogn og Fjordane