Sparebanken Sogn og Fjordane
Encyclopedia
Sparebanken Sogn og Fjordane (SSF) is the largest bank in the county of Sogn og Fjordane
Sogn og Fjordane
is a county in Norway, bordering Møre og Romsdal, Oppland, Buskerud, and Hordaland. The county administration is in the town of Hermansverk in Leikanger municipality while the largest town is Førde....

, with total assets of NOK 32 billion and 310 employees. The Bank has 23 branches in the county and is present in 21 of the county’s 26 municipalities. It also has a branch in Bergen. The head office is located in Førde in Sunnfjord.

The bank was one of the first savings banks in Norway to adapt the new legal regulations for the financial sector in Norway by forming Sparebankstiftinga Sogn og Fjordane
Sparebankstiftinga Sogn og Fjordane
Sparebankstiftinga Sogn og Fjordane was founded on the 12. March 2010 and became in the course of this year the owner of Sparebanken Sogn og Fjordane together with Sparebankstiftinga Fjaler . With 1.8 billion in equity it’s the largest foundation in the western part of Norway, and the second...

. The bank’s own funds were converted into equity share capital and primary capital. Sparebankstiftinga Sogn og Fjordane owns 94,12% and Sparebankstiftinga Fjaler owns the remaining 5,88% of the equity certificates. Consequently, the bank has a new executive committee and an new board of directors from September 2010. The chairman of the board is Hallgeir Kleppe. Elin Schei Stuhaug is chairwoman of the new executive committee, consisting of 45 members.

The Bank has entered into a strategic alliance with Gjensidige. This collaboration led in 2007 to the launch of a national online bank, Gjensidige Bank ASA with head offices in Førde in the county of Sogn og Fjordane. From September 2010 Sparebanken Sogn og Fjordane has merged with Fjaler Sparebank and taken over their branches in Dale and Bergen.

Group

In addition to the parent bank, the Group operates through the following wholly owned subsidiaries:
  • Bustadkreditt Sogn og Fjordane AS (mortgage credit institution)
  • Bankeigedom Sogn og Fjordane AS (property management
    Property management
    Property management is the operation, control of ususally on behalf of an owner, and oversight of commercial, industrial or residential real estate as used in its most broad terms. Management indicates a need to be cared for, monitored and accountability given for its usable life and condition...

    )
  • Eigedomsmekling Sogn og Fjordane (real estate
    Real estate
    In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...

    )


History

Sparebanken Sogn og Fjordane is over 160 years old, and started as a merger of over 25 savings banks. The bank was named Førde Sparebank in 1842, whilst Sparebanken Sogn og Fjordane was established 1st of April 1988 as a result of a merger between Balestrand Sparebank, Gaular Sparebank, Gloppens Sparebank, Hornindals Sparebank, Innvik Sparebank, Leikanger Sparebank, Stryn Sparebank and Sunnfjord Sparebank.
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