SpareBank 1 Nord-Norge is a Norwegian

savings bank A savings bank is a financial institution that is not run on a profit-maximizing basis, and whose original or primary purpose is collecting deposits on savings accounts that are invested on a low-risk basis and receive interest. Savings banks ha ...

. The

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 m ...

has 90 branch offices in

Nordland Nordland (; , , , ) is one of the three northernmost Counties of Norway, counties in Norway in the Northern Norway region, bordering Troms in the north, Trøndelag in the south, Norrbotten County in Sweden to the east, Västerbotten County to t ...

Tromsø Tromsø is a List of towns and cities in Norway, city in Tromsø Municipality in Troms county, Norway. The city is the administrative centre of the municipality as well as the administrative centre of Troms county. The city is located on the is ...

Finnmark Finnmark (; ; ; ; ) is a counties of Norway, county in northern Norway. By land, it borders Troms county to the west, Finland's Lapland (Finland), Lapland region to the south, and Russia's Murmansk Oblast to the east, and by water, the Norweg ...

and

Svalbard Svalbard ( , ), previously known as Spitsbergen or Spitzbergen, is a Norway, Norwegian archipelago that lies at the convergence of the Arctic Ocean with the Atlantic Ocean. North of continental Europe, mainland Europe, it lies about midway be ...

and a head office in

. It has 250,000 private and 40,000

institutional customers Institutional customers is a term used in the financial services industry to differentiate customers that are financial institutions or financial advisors, such as banks, insurance companies, and investment management Investment management (so ...

with total assets of

NOK Nok is a village in Jaba, Nigeria, Jaba Local Government Area of Kaduna State, Nigeria. The village is an archeological site. Archaeology The discovery of terracotta figurines at this location caused its name to be used for the Nok culture, ...

48 billion. It is a founding member of the bank

alliance An alliance is a relationship among people, groups, or sovereign state, states that have joined together for mutual benefit or to achieve some common purpose, whether or not an explicit agreement has been worked out among them. Members of an a ...

SpareBank 1 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 b ...

, with a 19.5% ownership.

History

The first of the many savings banks that now is part of Sparebanken Nord-Norge was Tromsø Sparebank, founded in 1836. After that, especially in the mid-19th century many savings banks were established in Northern Norway. In the 1960s and onwards to the 1980s there was a trend of merging local savings banks to larger unites. Tromsø Sparebank merged with nine other banks in Troms and Finnmark to form a large Tromsø Sparebank in the period 1963-1984 while another savings bank, Sparebanken Nord, arose consisting of a merger between ten other banks in the same counties. In Nordland the bank Sparebanken Nordland emerged in 1985 after the merge of 14 local savings banks. In 1988 Norway was struck by a bank crisis, and this forced Tromsø Sparebank and Sparebanken Nord to merge to form Sparebanken Nord-Norge. In 1991 Nordkapp Sparebank and in 1992 Sparebanken Nordland also joined. In December 2018, the bank gained international attention when a man tried to steal NOK 70 000 from the

Longyearbyen Longyearbyen (, , "Longyear Town") is the world's northernmost settlements, northernmost settlement with a population greater than 1,000, and the capital and the largest inhabited area of Svalbard. It stretches along the foot of the left bank ( ...

branch, the world most northerly bank making it the northernmost bank robbery.

References

External links

Corporate web site
{{Authority control Banks of Norway SpareBank 1 Banks established in 1836 Companies based in Tromsø Companies listed on the Oslo Stock Exchange Norwegian companies established in 1836