About the association

The Norwegian Savings Banks Association is the industry organisation for savings banks and savings banks foundations in Norway.

The association`s main role is to be a spokesman for savings banks vis-à-vis the authorities but the majority of the Association's tasks are handled by Finance Norway, which was created in 2010 1/1 by The Norwegian Savings Banks Association and the Norwegian financial services association. Most of the Association employees are now working in Finance Norway. For more information about Finance Norway, see Finance Norway's web site.

The Association are still working with some savings bank matters, as economic policy issues with special interest for savings banks and saving bank foundation.

Facts and figures about savings banks

105 out of Norway’s 126 banks are savings banks

There are 25 savings bank foundations

15 savings banks are members of the SpareBank 1 Alliance, the second-largest financial services group in Norway

72 savings banks are members of the Eika Alliance,  the fourth-largest financial services group in Norway

Some savings banks are still entirely mutual, while others have issued equity certificates or shares

The largest savings bank is SpareBank 1 SR-Bank ASA with total assets of NOK 148.5 billion by the end of 2013

The smallest is Vang Sparebank with total assets of NOK 533 million at the end of 2013

Costs averaged 1.65% of average total assets and 42.98% of operating revenue in 2013

Core capital averaged 18.2% in 2013