AUM NOK 29 Billion

ECC-ownership 65%

Market cap NOK 2.1 Billion

Retail customers 72%

Corporate customers 28%

Market and Customers

  • Customer base of 35.000 retail customers and 3,500 businesses
  • Our home market consists of nine municipalities in Rogaland: Sandnes, Gjesdal, Stavanger, Time, Klepp, Sola, Randaberg, Hå and Bjerkreim
  • The home market covers more than 300,000 people and 25,000 businesses

The Largest Bank in the Eika Alliance

  • Cost efficiency
  • Modern, safe and profitable payment solutions
  • Asset management, insurance, credit cards, car loans and leasing
  • IT and infrastructure
  • Converting core bank system in 2022

Organization

  • 146 years of banking operations
  • SSB Boligkreditt (covered bond issuer) a wholly owned subsidiary of SADG.
  • 60% ownership of AKTIV Eiendomsmegling Jæren (realtor)
  • 50 % ownership of Kjell Haver Regnskapsservice (accounting firm)

Key stats

  • 23 municipalities
  • 475.000 inhabitants
  • GDP per capita above national average

Demographics

  • Young population
  • Large share with higher education
  • High productivity

Economy

  • The energy capital of Norway
  • Important agricultural region
  • Cluster for innovation
  • Significant investments to reduced dependance on oil & gas - transitioning towards renewable energy
  • Limited Covid-19 effects

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Disclaimer

Sandnes Sparebank published this content on 14 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2021 07:15:02 UTC.