Annual Report for 2024

SpareBank 1 Sør-Norge has published the annual report for 2024.

In the report, you will find key figures and information about the group's development during the historic year when SpareBank 1 SR-Bank and SpareBank 1 Sørøst-Norge merged to become one group.

To our reports
SB1NO_IngeReinertsen_Aarsrapport2024

Covered bonds

SR-Boligkreditt AS was established in March 2015. It is a wholly owned special bank subsidiary of SpareBank 1 Sør-Norge ASA. Its objective is to purchase mortgages from the owner and to finance these by issuing covered bonds.

Reports and other documents

Sustainability

We will create value and profitability and concurrently consider climate, environment and social conditions. Stopping climate change and contributing to the transition to a more sustainable business community will have a special focus for the SpareBank 1 SR-Bank group in the future.

Green bond framework

Sustainability in SpareBank 1 SR-Bank (pdf)

Sustainability Report 2023 (pdf)

ESG Factbook (xlsx)

Sustainability in SpareBank 1 Sør-Norge

Our financial targets

1
The targets

SpareBank 1 Sør-Norge overriding target is to deliver above 14 per cent return on equity (ROE).

At the same time, SpareBank 1 Sør-Norge shall maintain a cost/income ratio below 40 per cent and a common equity Tier 1 capital (CET1) ratio above 17.6 percent.

The group’s dividend policy is to distribute around 50 percent of the profit for the year. Consideration must be given to financial needs, including capital adequacy requirements, and the group’s targets and strategic plans.

  • Being cost and capital effective
  • Customer growth in South Norway
  • Growth in other income
  • Joint effort in the SpareBank 1 alliance
  • Diversed portfolio
Investor Relations at SpareBank 1 Sørøst-Norge (historic)

Contacts

Eirik Børve Monsen
CFO
+47 916 39 831
email
Morten Forgaard
Finance Director
+47 916 21 425
email