186.26
-1.97%
Close of 9 Nov 2026, in NOK
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About Sparebank 1 Nordmore
Its shares trade on Oslo Børs under the ticker SNOR.OL. It has been listed since 2 October 2017. In the fiscal year to 31 December 2024, it reported revenue before interest expense of NOK 2.07bn and net income of NOK 170.4m. At that date it held total assets of NOK 28.52bn and shareholders' equity of NOK 4.16bn.
Sparebank 1 Nordmøre operates as a local bank. The Bank is a total supplier of products and services within financing, leasing, savings and investment, insurance, payment processing, estate agency and accounting services. The firm's offering includes a range of financial products and services, as well as relevant and personal advice to customers. The Savings Bank’s activities are divided into two business areas: Personal market, which includes share savings accounts, mortgages for young people, bank cards, loans for electric cars and car insurance, among others as well as Corporate Market which includes operating accounts, operating credit for agriculture, the Vipps app, leasing, eInvoice, and AvtaleGiro, which allows the Company to send invoices automatically to customers. Sparebank 1 Nordmore has two subsidiaries: SpareBank 1 Regnskapshuset Nordvest AS and Trio Regnskapsservice AS.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 2 Oct 2017
- Employees
- 222
- Website
- sparebank1.no/nb/nordmore ↗
Leadership
Pay as last reported
- Mr. Lars BackerChairman of the BoardNOK 179,000
- Mr. Odd FollandChief Executive Officer, since 2004NOK 2.0m
- Mr. Runar WiikVice Chairman of the BoardNOK 69,000
- Mr. Steinar SognFinance DirectorNOK 1.5m
- Mr. Olav RugsetLegal DirectorNOK 1.3m
- Ms. Kathrine GjestadHuman Resources Manager, since 2009NOK 966,999
- Mr. Leif AlmvikRegional Bank ManagerNOK 1.1m
- Ms. Turid HumlenRegional Bank ManagerNOK 1.1m
- Mr. Rune SolliBank Manager, Head of Business, since 2005NOK 1.2m
- Ms. Heidi Blakstad DahlDirector
- Ms. Catrine BruvollDirector
- Mr. Gunnar ErvikDirectorNOK 65,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Local bank with 222 employees providing comprehensive financial services including mortgages and leasing.
- Personal market offers share savings accounts and electric car loans for young customers.
- Corporate market provides operating accounts and Vipps app for automated invoicing.
Weaknesses
- Limited to local operations in Kristiansund, Norway, with no national expansion mentioned.
- No mention of digital innovation beyond Vipps app in corporate services.
- Dependent on local market for growth without clear international presence.
Opportunities
- Expanding corporate services like eInvoice and AvtaleGiro to new regions in Norway.
- Growing demand for electric car loans among young customers in the personal market.
- Increasing adoption of digital payment solutions like Vipps app across Norway.
Threats
- Competition from larger national banks not explicitly mentioned but implied by local focus.
- Economic downturns affecting mortgage and loan demand in local markets.
- Regulatory changes in Norwegian banking sector impacting operations.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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