Sparebanken Nordvest Overview and Financials

Sparebanken Nordvest is a Norwegian bank that has a long history, dating back to 1867. It's the third-largest savings bank in Norway.

The bank has a strong presence in the Nordvest region, with a network of branches and ATMs that make it easily accessible to customers. Its headquarters are located in Måløy.

Sparebanken Nordvest is known for its commitment to local communities, with a focus on supporting small businesses and entrepreneurs in the region.

Sparebanken Nordvest is a local player with significant muscle and a crucial role in the community.

The bank has a strong focus on good underlying operations and increased profitability, which will strengthen its position as a supportive partner for growth and development in Møre and Romsdal.

Sparebanken Nordvest is a significant supporter on all levels, from culture to sports and volunteer work, including broad and elite initiatives.

The bank is proud to be a partner to many organizations and teams on 17th of May, as highlighted by the bank's financial director Steinar Sogn.

Sparebanken Nordvest has shown a strong performance in recent quarters, with increasing income from bank operations.

Their underlying business has been growing steadily, with income rising from quarter to quarter in 2019.

In particular, their lending portfolio has seen a 9.1% growth in the last 12 months, outpacing the 6.3% growth seen in the same period the previous year.

This growth has been driven by a significant increase in customer deposits, which have risen by 12.7% in the last 12 months.

As a result, the bank's deposit coverage ratio is now at 70.7%, excluding loans in credit institutions.

The bank's focus on cost control and growth has paid off, with net interest income from their own lending portfolio increasing from the same period in 2018.

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