Norwegian mid-size savings banks maintain growth in a competitive market
Loans grow in line with the market; deposits prove more stable.
Financial
Skue Sparebank
Skue Sparebank was formed in 2013 from the merger of Nes Prestegjelds Sparebank and Hol Sparebank, after which it merged with Hønesfoss Sparebank in 2020. Today, the bank has 10 offices spread across most of Buskerud County. The bank is a member of the Eika alliance. It has equity capital certificates that trade on the Oslo Stock Exchange.
Orkla Sparebank
Orkla Sparebank is an independent savings bank located in Orkland municipality. The bank's origins date back to 1841 and it was formed after the merger of the neighbouring savings banks, Orkdal Sparebank and Meldal Sparebank, in October 2017. Today, the bank has seven offices spread over Trøndelag County and its primary market is located in the municipalities of Orkland, Rennebu, Skaun and Trondheim.
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Webinar: Norwegian savings banks
On 28 Aug 2023, Nordic Credit Rating publishes a sector commentary on Norwegian savings banks. In connection with this publication, the analytical team will present their view of the banks and the market, seen in the light of the recently published half-year results.
Please note that the webinar will be held in Norwegian.
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