As of 1 Oct. 2024, Norges Bank accepts credit ratings from NCR when determining eligible assets under its collateral program. Full details can be found here.
For more information, please contact Henrik Blymke, Chief Commercial Officer, Nordic Credit Rating.
Tolga-Os Sparebank was created in 1865 in Tolga municipality, Eastern Norway, and has since expanded its core market to the south. Tolga-Os Sparebank's core market is in the area traditionally known as Østerdalen, located in the northeastern part of Innlandet county, and is increasing its presence in Elverum and Hamar.
Tolga-Os Sparebank is one of 16 savings banks in the Lokalbanksamarbeidet banking cooperative, which consisted of small and medium sized local savings banks.
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.
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.
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.
Odal Sparebank was created in 1877 in Norway's Nord-Odal municipality and has since expanded its core market to the south and east. Odal Sparebank's primary market includes the Odal, Kongsvinger and Northern Romerike regions. The bank is a member of the Eika Alliance, an association of about 50 small and medium-sized Norwegian savings banks.
