| 23.12.04 | << back |
| MOODY'S RAISES OUTLOOK FOR SPAREBANK 1 MIDT-NORGE FROM STABLE TO POSITIVE | |
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| Moody's Investors Service has changed the outlook of Sparebanken Midt-Norge's and Sparebanken Nord-Norge's A3/P-2/C ratings from stable to positive. According to Moody's, this rating action reflects improvement in the bank's revenue diversification, cost efficiency and risk profile. Moody's also comments that cross-selling efforts have translated, gradually, into a revenue diversification. | |
Please direct any queries regarding this press release to Managing Director Finn Haugan on 900 41 002 Enclosure: Press release from Moody's
About us
SpareBank 1 Midt-Norge is Central Norway's leading financial group. We are market leaders in personal and business banking and have 48 offices in 42 municipalities, in addition to distributing our services through 17 in-shop banks. Our head office is in Trondheim. The group has approximately 700 employees and comprises, in addition to banking operations, the subsidiaries SpareBank 1 Finans Midt-Norge AS, EiendomsMegler 1 Midt-Norge AS, Allegro Finans ASA and Midt-Norge Regnskap AS.
Our mission is to be the recommended bank for customers in Central Norway and, as a local, independent savings bank, we feel a special responsibility for stimulating growth and quality of life in the region. We base our business on proximity to customers, good accessibility, a complete range of banking, financial and insurance products, and holistic financial advisory services.
SpareBank 1 Midt-Norge is one of seven owners of SpareBank 1 Gruppen AS.
For more information, visit our website at
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Press release from Moody's (pdf) |
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