Kredittforeningen for Sparebanker (KfS) is licensed as a credit institution and provides medium- and long-term senior loans to savings banks. It was established in 2004 by Eiendomskreditt AS, a mortgage company financing commercial real estate, and 49 savings banks to secure funding in difficult market conditions. KfS' green bond initiative enable the company's member banks to launch green loans and tap into a new investor pool even if they are individually too small to do this themselves in a cost efficient manner.
KfS is organized as a credit association and is operated according to cooperative principles. Its borrowers, which are solely Norwegian savings banks, become members of the association. The association's non-profit model allows member banks to achieve lower borrowing costs by diversifying their risks across KfS.
KfS is a vehicle for small savings banks with limited access to the bond market.