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• Read more about Sparebank 1 Hallingdal Valdres

SpareBank 1 Hallingdal Valdres was created when Aal Sparebank and Hemsedal Sparebank merged in 1999, but its roots stretch as far back as 1870. The bank serves six municipalities in the Hallingdal region in Buskerud County and six municipalities in the Valdres region in Innlandet county. The bank has a decentralised organisation spread over eight branch offices in its core market as well as branch offices in Oslo and Bergen, where most of the owners of holiday homes in the core region are located. 

SpareBank 1 Hallingdal Valdres' is a member of the SpareBank 1 Alliance.

• Read more about Melhus Sparebank

Melhus Sparebank (MelhusBanken) is a Norwegian savings bank headquartered in Melhus municipality. Established in 1840, it is one of the country's oldest independent savings banks. MelhusBanken offers a range of financial services to household and corporate borrowers. These services include savings accounts, loans, mortgages, investment services, insurance, and advisory services related to personal and business finance. The bank has a strong local presence, primarily serving the community in Melhus and the regional centre of Trondheim. MelhusBanken is a member of the Eika Alliance.

• Read more about Veas Selvkost AS

Veas Selvkost is the largest wastewater treatment company in Norway and provides statutory services for its municipal owners. Its primary objective is to treat wastewater in accordance with requirements set out by the respective county governors in the Oslofjorden area in southeastern Norway. 

The company was founded in 1976 and is owned by the City of Oslo (70.5%), Bærum municipality (21.5%), and Asker municipality (8%). In 2022, it became a limited liability company with a group structure under a common parent company, Veas AS.

• Read more about Nordic consumer banks' earnings continue to offset elevated provisions

• Read more about Nordic Credit Rating's view on distressed exchanges

• Read more about Voss Veksel- og Landmandsbank ASA

Vekselbanken is the last remaining Norwegian local commercial bank, with roots dating back to 1899. Its business model is, however, similar to those of domestic savings banks. The bank provides core banking services through its headquarters in Voss municipality in Vestland county and a branch in the smaller municipality of Eidfjord. The bank's primary market encompasses the Voss region and surrounding areas, with emphasis on retail customers and SMEs. Vekselbanken has been listed on the Oslo Stock Exchange since 1992 and is a member of the Eika Alliance.

Nordic Credit Rating invites you to join our webinar focusing on our view of the Q2 2024 results and the outlook for the Nordic niche banks. We will cover banks' earnings, asset quality and capital, as well as recent events and trends for the sector. 

In addition, we'll discuss the recent announcements that Norway-based Lea Bank will move operations to Sweden as well as Morrow Bank's similar interest. We will also address Marginalen Bank's capital situation and the announcement that its owner company is working on refinancing capital instruments. 

• Read more about Webinar: Norwegian niche banks eye capital relief in Sweden (Q2 2024)

• Read more about Sparbanken Lidköping AB

Sparbanken Lidköping is a mid-sized Swedish savings bank, operating out of its main office in Lidköping Municipality in Västra Götaland County, with close connections to the Skaraborg region. The bank was established in 1834 and is wholly owned by Sparbankstiftelsen Lidköping, a foundation that receives dividends from the bank. 

• Read more about Haugesund Sparebank

Haugesund Sparebank is a mid-sized Norwegian savings bank operating on the Norwegian west coast in the Rogaland and Vestland regions. The bank dates back to 1928 and has merged with several local savings banks through the years.

• Read more about NCR Comments: Resurs Bank 'BBB' rating and outlook unchanged following acquisition offer