Learn more about SpareBank 1 SR-Bank.
SpareBank 1 SR-Bank in short
SpareBank 1 SR-Bank’s objectives are to stimulate growth and development. The group puts money to work and helps people and companies realise their projects and dreams. The group wants to stimulate the creation of more jobs and viable companies, while looking out for future generations by basing its operations on sustainability.
SpareBank 1 SR-Bank is Norway’s second largest financial services group and has a national distribution network. The group has a physical presence in Rogaland, Vestland, Agder, Oslo and Viken. The group’s head office is in Stavanger and its strongest foothold is in Rogaland County. Its ambition is to achieve further profitable growth, including outside the group’s traditional market areas.
The group established its first branch in Oslo in 2018, and two further new branches were opened in the Oslo region in 2020. Its efforts outside Southern and Western Norway resulted in lending growth of NOK 6 billion in 2020. The largest proportion of the bank’s total lending growth now comes from outside Rogaland County.
SpareBank 1 SR-Bank is a fully fledged financial services group offering traditional banking services such as loans, insurance and savings products, securities trading, accounting services and estate agency services for both retail and corporate customers.
SpareBank 1 SR-Bank had more than 350,000 customers and exceeded NOK 219 billion in gross loans in 2020.
SpareBank 1 SR-Bank aims to use Monner to become a national bank for entrepreneurs. EiendomsMegler 1 SR-Eiendom enjoys a strong market position in Rogaland and has ambitions to grow in all of the counties in Southern and Western Norway. SpareBank 1 SR-Bank ForretningsPartner provides accounting and advice services for corporate customers and helps to ensure a more complete range of services for such customers. The subsidiary SR-Forvaltning provides SR-Bank funds and its ambition is to become the largest fund management company outside Oslo.
Our strategic goals
The group’s overarching goal is to achieve profitable customer growth. This will be achieved by taking a clear position as a future-oriented relationship bank for Southern Norway. Increasing the geographic spread of its operations makes the group less vulnerable to fluctuations in local markets.
SpareBank 1 SR-Bank’s strategy is to combine technology and people. Competent employees build strong relationships with customers and there is the potential to reach even more customers with the aid of digital tools.
SpareBank 1 SR-Bank’s creates value by assuming recognised and acceptable risk. The group therefore invests substantial resources in developing risk management systems, processes and skills in line with leading international practices.