Financial

• Read more about Sparebanken Narvik

Sparebanken Narvik is a mid-sized Norwegian savings bank with roots dating back to 1901. The bank provides core banking services through its headquarters in Narvik in Nordland County and, since 2019, a branch in Finnsnes. Lending is centred in the Narvik region and Mid-Troms, with retail customers and SMEs accounting for the core customer base. The bank operates as an independent savings bank and its equity is self-owned. 

Sparebanken Narvik is a member of the Eika Alliance, an association of about 50 small and medium sized Norwegian savings banks.

• Read more about Grue Sparebank

Grue Sparebank was created in 1862 in Norway's Grue municipality. Its core market also includes the municipalities of Åsnes, Kongsvinger, Våler and Elverum. Retail borrowers account for the vast majority of its loan book. 

Grue Sparebank is a member of the Eika Alliance, an association of small and medium-sized Norwegian savings banks.

• Read more about Swedish niche lenders face regulatory changes in funding metrics

• 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 NCR Comments: Resurs Bank 'BBB' rating and outlook unchanged following finalised bid

• 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.

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.

• Read more about Nordic Credit Rating accepted by Norges Bank

• Read more about Tolga-Os Sparebank

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.

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

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