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Sparebanken Vest
Sparebanken Norge () is the third largest savings bank in Norway, and the country's second oldest bank. Its predecessor, Bergens Sparebank, was established in 1823. The main offices lie in Bergen, though the bank has branches throughout Hordaland, Sogn og Fjordane and Rogaland Rogaland () is a Counties of Norway, county in Western Norway, bordering the North Sea to the west and the counties of Vestland to the north, Telemark to the east and Agder to the east and southeast. As of 1 January 2024, it had a population of 49 .... Sparebanken Vest was previously a member of the SpareBank1 alliance. References Banks of Norway Companies based in Bergen Banks established in 1823 Companies listed on the Oslo Stock Exchange {{Norway-bank-stub ...
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Sparebank
Sparebank is a type of Norwegian savings bank without external owners. The Norwegian sparebanks are a separate type of juridical entity that differ from commercial banks and are more similar to cooperative banks. , there were a total of 123 savings banks in Norway. History The first savings bank was created in 1822, and in the following 75 years savings banks were set up in most municipalities of Norway. The banks had both a savings upbringing function for the commoners (so they did not have to burden society when they got sick and old) and served an important part in local communities development and self-financing. Historically the savings banks concentrated on private customers, combined with small businesses and the primary sector. Loans were financed through deposits. Today the differences between savings banks and commercial banks are smaller, partially because savings banks now can issue stock-like '' grunnfondsbevis'' where the owners are both given dividend and ...
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Hordaland
Hordaland () was a county in Norway, bordering Sogn og Fjordane, Buskerud, Telemark, and Rogaland counties. Hordaland was the third largest county, after Akershus and Oslo, by population. The county government was the Hordaland County Municipality, which is located in Bergen. Before 1972, the city of Bergen was its own separate county, apart from Hordaland. On 1 January 2020, the county was merged with neighbouring Sogn og Fjordane county, to form the new Vestland county. Name and symbols Name Hordaland () is the old name of the region which was revived in 1919. The first element is the plural genitive case of , the name of an old Germanic tribe (see Charudes). The last element is which means 'land' or 'region' in the Norwegian language. Until 1919 the name of the county was which meant '(the) southern (part of) Bergenhus amt'. (The old was created in 1662 and was divided into Northern and Southern parts in 1763.) Flag Hordaland's flag shows two golden axes ...
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Companies Based In Bergen
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation pu ...
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Banks Of Norway
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the an ...
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Oslo Stock Exchange
Oslo Stock Exchange () (OSE: OSLO) is a stock exchange within the Nordic countries and offers Norway's only regulated markets for securities trading today. The stock exchange offers a full product range including equities, derivatives and fixed income instruments. The Euronext consortium of European stock exchanges controls Oslo Stock Exchange as of June 2019. History Oslo Børs was established by a law of September 18, 1818. Trading on Oslo Børs commenced on April 15, 1819. In 1881, Oslo Børs became a stock exchange, which means securities were listed. The first listing of securities contained 16 bond series and 23 stocks, including the Norwegian central bank (Norges Bank). Oslo Børs cooperates with London Stock Exchange on trading systems. The exchange has also a partnership with the stock exchanges in Singapore and Toronto (Canada) for a secondary listing of companies. The stock exchange was privatized in 2001, and is, after the merger in 2007, 100% owned by Oslo Børs ...
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SpareBank1
SpareBank 1 is a Norwegian alliance and brand name for a group of savings banks. The alliance is organised through the holding company ''SpareBank 1 Gruppen AS'' owned by the participating banks. In total the alliance is Norway's second largest bank with total assets of NOK 625 billion, 352 branches and 6300 employees. The alliance has its head office in Oslo, Norway. The banks in the SpareBank 1 Alliance distribute SpareBank 1 groups' products and collaborate in key areas such as brands, work processes, expertise development, IT operations and system development. Companies in the group include the mutual fund company ODIN Forvaltning, the life insurance company ''SpareBank 1 Livsforsikring'', the insurance company ''SpareBank 1 Skadeforsikring'', the credit card company ''SpareBank 1 Medlemskort'', ''SpareBank 1 Utvikling'', the commercial bank ''Bank 1 Oslo'', the car finance company ''SpareBank 1 Bilplan'' (19.9%) and the securities company ''First Securities'' (24.5%). Hist ...
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Rogaland
Rogaland () is a Counties of Norway, county in Western Norway, bordering the North Sea to the west and the counties of Vestland to the north, Telemark to the east and Agder to the east and southeast. As of 1 January 2024, it had a population of 499,417 people. The administrative centre of the county is the Stavanger (city), city of Stavanger, which is the third largest city in Norway. Etymology ''Rogaland'' is the region's Old Norse name, which was revived in modern times. During Denmark–Norway, Denmark's rule of Norway the county was named ''Stavanger amt (subnational entity), amt'', after the large city of Stavanger, and this name continued to be used until 1919. The first element in the name ''Rogaland'' is the plural genitive case of ''rygir'', probably referring to the name of an old Germanic peoples, Germanic tribe (see Rugians). The second element is ''land'' which means "land" or "region". Coat of arms The coat of arms is modern; it was granted on 11 January 1974. ...
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Sogn Og Fjordane
Sogn og Fjordane (; literally "Parish and the Fjords") was a Counties of Norway, county in western Norway, from 1 January 1919 to 31 December 2019, after it was merged to become part of Vestland county. Bordering previous counties Møre og Romsdal, Oppland, Buskerud, and Hordaland, the county administration was in the village of Hermansverk in Leikanger, Leikanger municipality. The largest town in the county was Førde (town), Førde. Although Sogn og Fjordane has some industry, predominantly hydroelectricity and aluminium, it is predominantly an Agriculture, agricultural area. Sogn og Fjordane is also home to the Urnes Stave Church and the Nærøyfjord, which are both listed by UNESCO as World Heritage Sites. The Western Norway University of Applied Sciences has campuses in Sogndalsfjøra and Førde (town), Førde. Name The name ''Sogn og Fjordane'' was created in 1919; a literal translation is: ''Sogn and the fjords.'' The first element is the name of the region of Sogn, loca ...
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Bank Branch
A branch, banking center or financial center is a retail location where a bank, credit union, or other financial institution (including a brokerage firm) offers a wide array of face-to-face and automated services to its customers. History and description During the 3rd century banks in Persia (now Iran) and in other territories started to issue letters of credit known as Sakks, basically checks in today’s language, that could be traded in cooperative houses or offices throughout the Persian territories. In the period from 1100-1300 banking started to expand across Europe and banks began opening ‘branches’ in remote, foreign locations to support international trade. In 1327, Avignon which is located in France had 43 branches of Italian banking houses alone. The practice of opening satellite branches was popularized in the early 20th century by Amadeo Giannini, then head of the Bank of America. Historically, branches were housed in imposing buildings, often in a neocla ...
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Sparebanken Sør
Sparebanken Sør was a savings bank based in Kristiansand, Norway. Sparebanken Sør´s main market was located in the counties of Agder, Telemark and Rogaland. There were 31 branches in this district serving the customers. The internet and mobile banking services are among the most modern in Norway. Sparebanken Sør was an independent savings bank with total assets of BNOK 90, and 500 man-years as of 1 January 2014. The bank's main products were savings, loans and domestic and international payment services. In cooperation with other savings banks, Sparebanken Sør owned companies for insurance, securities and leasing/factoring, and the bank sold their products. Sparebanken Sør was regulated by the Financial Supervisory Authority of Norway (Finanstilsynet). History Sparebanken Sør’s history goes back to the year 1824 and 1825, when Christianssands Sparebank and Arendals Sparebank - two of the first banks in Norway - were established, respectively. In 1973, the bank merged wi ...
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Bank
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ...
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Sparebank
Sparebank is a type of Norwegian savings bank without external owners. The Norwegian sparebanks are a separate type of juridical entity that differ from commercial banks and are more similar to cooperative banks. , there were a total of 123 savings banks in Norway. History The first savings bank was created in 1822, and in the following 75 years savings banks were set up in most municipalities of Norway. The banks had both a savings upbringing function for the commoners (so they did not have to burden society when they got sick and old) and served an important part in local communities development and self-financing. Historically the savings banks concentrated on private customers, combined with small businesses and the primary sector. Loans were financed through deposits. Today the differences between savings banks and commercial banks are smaller, partially because savings banks now can issue stock-like '' grunnfondsbevis'' where the owners are both given dividend and ...
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