Sparebanken Sør was a

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 ...

based in

Kristiansand Kristiansand is a city and Municipalities of Norway, municipality in Agder county, Norway. The city is the fifth-largest and the municipality is the sixth-largest in Norway, with a population of around 116,000 as of January 2020, following th ...

, Norway. Sparebanken Sør´s main market was located in the counties of

Agder Agder is a counties of Norway, county () and districts of Norway, traditional region in the southern part of Norway and is coextensive with the Southern Norway region. The county was established on 1 January 2020, when the old Vest-Agder and Au ...

Telemark Telemark () is a Counties of Norway, county and a current electoral district in Norway. Telemark borders the counties of Vestfold, Buskerud, Vestland, Rogaland and Agder. In 2020, Telemark merged with the county of Vestfold to form the county o ...

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 ...

. 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 A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...

and leasing/factoring, and the bank sold their products. Sparebanken Sør was regulated by the

Financial Supervisory Authority of Norway The Financial Supervisory Authority of Norway () is a Norwegian government agency responsible for supervision of financial companies within Norway based on law and regulations from Storting, the Norwegian Ministry of Finance and international a ...

(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 with four other savings banks in the county of Aust-Agder and formed Aust-Agder

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 sav ...

. Sparebanken Sør was established in 1984, after a merger between Aust-Agder Sparebank, two other savings banks in Aust-Agder and nine in Vest-Agder. Since then, the bank has merged with savings banks in Telemark, and even opened branches in Grenland, the most populous part of Telemark. Sparebanken Sør merged with Sparebanken Vest in 2025 to form Sparebanken Norge.

References

Sparebanken Sør's webpage
{{DEFAULTSORT:Sparebanken Sor Banks of Norway Companies based in Kristiansand Companies listed on the Oslo Stock Exchange