Subsidiaries, associate- and product companies

Frende Holding AS

The company is the parent company that manages the ownership of the wholly owned subsidiaries Frende Skadeforsikring and Frende Livsforsikring. The insurance businesses offer a complete product range for the corporate and private customers within life and P&C insurance. The company was founded in 2007 and is headquartered in Bergen.

Sparebanken Norge has an ownership interest of 67.18% in Frende Holding AS, divided into 49.99% of the A shares and 100% of the B shares. In addition to Sparebanken Norge, the company is owned by 17 other independent savings banks in addition to Varig Forsikring Nordmøre og Romsdal, Varig Hadeland Forsikring and Varig Orkla Forsikring.

Norne Securities AS

A securities firm established in 2008. Norne provides advice to players in the capital market and is a specialist in savings banks and their customers. The company has three business areas: Trading in shares and funds on the Internet for private investors, Investment Banking and trading in securities for professional investors. The company has its head office in Bergen and offices in Oslo, Trondheim and Vilnius.
 
Sparebanken Norge is the largest owner with 49.99%. The other owners in Norne are 19 other independent savings banks (totaling 32.55%), employees (9.13%), Must AS (2.89%). In addition, the company owns 5.44% of its own shares.

Brage Finans AS

A financing company with its head office in Bergen that was founded in 2010. The company is a nationwide financing group that offers leasing and sales collateral loans to the corporate and private markets. Factoring, invoice purchase and credit insurance are offered through the subsidiary Factoring Finans. Distribution is through owner banks, through dealers of capital goods and through its own sales force.
 
Brage Finans AS is a subsidiary of Sparebanken Norge, where Sparebanken Norge is the largest owner with a 76.75% ownership stake. In addition, Brage Finans has 20 other independent banks on the ownership side in addition to Varig Forsikring Nordmøre og Romsdal, Varig Hadeland Forsikring and Varig Orkla Forsikring.

Sparebanken Norge Boligkreditt AS

A wholly owned company and subsidiary of Sparebanken Norge. Was established in 2008 with the purpose of financing the group's mortgage portfolio by issuing covered bonds.

Eiendomsmegler Norge AS

A wholly owned company of Sparebanken Norge. Eiendomsmegler Norge consists of Sørmegleren and Eiendomsmegler Vest, two solid real estate brokerage companies that have merged.

Frende Kapitalforvaltning AS

A wholly owned subsidiary of Sparebanken Norge, with plans for other banks in the Frendegruppen to buy into the company. The company owns 70% of Borea Asset Management AS, which manages securities funds within stocks and bonds.

Bulder

Bulder is a separate brand that is part of Sparebanken Norge and operates under Sparebanken Norge's banking license. The Bulder concept was established in 2019, and is a fully digital provider of mortgages and daily banking services.

Balder Betaling AS

The company was established in 2017 to, among other things, exercise ownership in the payment service Vipps. Balder Betaling has an ownership stake in Vipps Holding AS of 8.9%, which in turn owns 72.2% of the shares in Vipps MobilePay AS and 100% of Stø AS (formerly BankID BankAxept).
 
Sparebanken Norge has an ownership stake of 73.54% in Balder Betaling AS, divided into 49.99% of the A shares and 100% of the B shares. In addition to Sparebanken Norge, the company is owned by 16 other independent savings banks.