SpareBank 1 Sør-Norge Company Overview and News

SpareBank 1 Sør-Norge is a leading financial services provider in Southern Norway. The bank has a long history dating back to 1869.

It operates in the counties of Agder and Vestfold og Telemark, providing a wide range of financial services to its customers. SpareBank 1 Sør-Norge has a strong presence in the region.

The bank has a total of 35 branches, with a large network of ATMs and other services. SpareBank 1 Sør-Norge also offers online banking and mobile banking services for its customers.

SpareBank 1 Sør-Norge is part of the SpareBank 1 Alliance, which is a group of independent banks in Norway. This alliance allows SpareBank 1 Sør-Norge to share resources and expertise with other member banks.

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SpareBank 1 Sør-Norge has ambitious financial targets, aiming to deliver a return on equity (ROE) of above 14 per cent.

To achieve this, the bank focuses on being cost and capital effective, with a cost/income ratio below 40 per cent and a common equity Tier 1 capital (CET1) ratio above 17.6 percent.

The bank also prioritizes customer growth in South Norway, which is a key area of focus.

Here are the bank's financial goals, summarized:

SpareBank 1 Sør-Norge aims to deliver an above 14 per cent return on equity (ROE). This is a clear indicator of the bank's commitment to financial performance.

Maintaining a cost/income ratio below 40 per cent is essential for the bank's efficiency. This means they need to keep costs under control to maximize profits.

The bank also wants to maintain a common equity Tier 1 capital (CET1) ratio above 17.6 percent. This ensures they have a solid financial foundation to support growth.

To achieve these targets, the bank is focusing on several key areas:

SpareBank 1 Sør-Norge's IR policy is designed to maintain an open dialogue with shareholders and other stock market participants.

The bank complies with the majority of Oslo Børs Code of Practice for IR of 1 March 2021, which guides their reporting to the market and contact with shareholders, investors, and analysts outside general meetings.

All price-sensitive information must be provided simultaneously to all market participants, ensuring everyone has access to the same information at the same time.

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This means statements to the stock exchange and press releases are distributed through Oslo Børs and to external recipients through external channels, as well as published on the Group's home pages.

Presentations, such as those related to interim results, capital markets days, or seminars, are held in Norwegian, unless it's an international team call in connection with the presentation of interim financial reports, which is conducted in English.

Individual investors are not given verbal information that is not shared with the overall market, and presentations used in meetings with individual investors shall not be materially different from those previously presented on the Group's home pages.

SpareBank 1 Sør-Norge observes a silent period of 30 days before the financial report for the period has been made public.

For more insights, see: Reg B 30 Days

SpareBank 1 Sør-Norge has a scheduled Extraordinary General Meeting on September 30th.

The bank's third quarter report is set to be released on October 30th, according to a press release on October 7th.

A press release on September 26th announced that SpareBank 1 Sør-Norge was assigned Nibor Panel Bank status (BBG: SRBANK).

Here are some key dates for SpareBank 1 Sør-Norge's financial reports:

As I've been keeping up with the latest company news, I've noticed that the company has a few important events lined up for 2025. The first one is the release of the Q3 report, which is scheduled for October 30th.

The company also has a few historical events worth mentioning. One of the most notable is the Extraordinary General Meeting, which took place on September 30th, 2025. Another important event is the release of the Q2 report, which was published on August 7th, 2025.

Here's a list of the company's upcoming and historical events:

In the past few weeks, SpareBank 1 Sør-Norge has made several important announcements.

The bank's interest rates have been set on multiple occasions, with the most recent adjustment happening on October 7th.

A press release on October 7th also invited investors to a presentation of the third quarter accounts on October 30th.

On September 30th, the bank held an extraordinary general meeting.

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SpareBank 1 Sør-Norge was assigned Nibor Panel Bank status on September 26th.

The bank's interest rates have been adjusted on several dates in September, including September 25th, 24th, 23rd, 19th, and 18th.

On September 18th, the bank also announced that it was lowering interest rates on home loans and deposits.

Here are the dates when the bank's interest rates were adjusted in September:

SpareBank 1 is a Norwegian financial services group, formed by the merger of 14 local savings banks in 2008.

The group's name "SpareBank 1" is a reference to the fact that the banks were initially savings banks.

SpareBank 1 has a strong presence in the southern region of Norway, with a significant number of branches and employees.

The bank's commitment to local communities is evident in its network of branches, which are often located in the heart of towns and cities.

As of 2020, SpareBank 1 had assets worth over 400 billion Norwegian kroner.

SpareBank 1's focus on customer service has earned it a reputation for being one of the most customer-friendly banks in Norway.

Worth a look: List of Banks in Norway

At SpareBank 1 Sør-Norge, the leadership has been steady and experienced over the years.

Tor Sekse was the administrerende direktør from 1976 to 1991, laying the foundation for the bank's growth.

Arne Norheim took over in 1991 and led the bank until 2000.

The bank has had a few more leaders since then, with Terje Vareberg at the helm from 2001 to 2010.

Arne Austreid then took charge from 2011 to 2020.

Benedicte Schilbred Fasmer has been leading the bank since 2021, bringing her expertise to the role.

Inge Reinertsen is the current administrerende direktør, starting in 2024.

Here's a list of the bank's administrerende direktører over the years:

SpareBank 1 Sør-Norge offers a variety of savings accounts with different interest rates.

The bank's standard savings account, Brukskonto, has an interest rate of 0.00% for all age groups. This means that your money won't earn any interest, but it's still a great option for storing your savings.

You can also consider the Sparekonto for barn og unge, which has an interest rate of 4.10% (3.85% from 25.11.2025) regardless of the deposit amount. This is a great option for parents who want to save for their children's future.

If you're looking for a savings account with higher interest rates, you might want to consider the Sparekonto Pluss. This account offers interest rates ranging from 3.25% to 4.25% (3.00% to 4.00% from 25.11.2025), depending on the deposit amount.

Here's a quick summary of the interest rates for some of the savings accounts:

The bank also offers a BSU - BoligSparing for Ungdom, which has an interest rate of 6.30% (6.05% from 25.11.2025) for deposits up to 36 years old. After 36 years, the interest rate will be reduced to 3.75% (3.50% from 25.11.2025).

Lastly, the bank offers a Fastrenteinnskudd with interest rates ranging from 4.25% to 4.00% (nominell) depending on the binding period.

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