Supervisory Board

The Supervisory Board is our supreme body, and is intended to ensure that the bank serves its purpose and acts in accordance with applicable laws and regulations.


  • Electing members of the bank's Board of Directors
  • Supervising the Board’s management of the bank
  • Electing members of the bank’s Nomination Committee
  • Approving remuneration for the above bodies
  • Establishing the Group’s annual financial statements
  • Granting the Board of Directors authority to raise subordinated loan capital
  • Granting the Board of Directors authority to carry out capital increases


The Supervisory Board consists of holders of equity certificates, customers, employees and representatives from our largest owner – the Northern Norwegian community.


See also