SpareBank 1 SR-Bank explained

SpareBank 1 SR-Bank
Type:Savings bank
Industry:Banking
Foundation:1 October 1976
Location:Stavanger, Norway
Area Served:Norway
Key People:Arne Austreid - CEO
Num Employees:1250
Homepage:sr-bank.no
Equity:22,8 bn NOK (31 December 2018)

SpareBank 1 SR-Bank, formerly Sparebanken Rogaland, is a Norwegian bank and lender[1] with 36 offices from Bergen in the west to Oslo in the east, with head office located in Stavanger.[2] As of 2019, the bank has more than 1,250 employees with its subsidiaries.[3]

SpareBank 1 SR-Bank is a financial group with national distribution and is Norway's second largest Norwegian-owned bank. In 2018 the bank went from being a regional bank to a bank for the whole Southern Norway.[4]

SpareBank 1 SR-Bank is part of the SpareBank 1 Alliance, which is a banking and product alliance between independent, locally based Norwegian banks.[5]

History

Sparebanken Rogaland was created in 1976 when 22 local savings banks in Rogaland merged to form Norway's first regional bank. Since then an additional 17 banks have jointed the company. In 1996 the bank was one of the founding members of SpareBank 1 and presently owns 19.5%.

Sponsorships

Viking Stadion is called SR-Bank Arena for sponsorship purposes.

External links

Notes and References

  1. News: 2022-02-09. Sparebank 1 cuts offshore exposure as shipping lending rises. 2022-02-14. TradeWinds.
  2. News: Birkemo. Arne. SpareBank 1 SR-Bank: Resultatvekst på 52 prosent. 2022-02-14. Rogalands Avis. no.
  3. Web site: Annual report - SpareBank 1 SR-Bank. 8 July 2019. 8 July 2019.
  4. Web site: About SpareBank 1 SR-Bank. 8 July 2019. 8 July 2019.
  5. Web site: About SpareBank 1 SR-Bank. 8 July 2019. 8 July 2019.