SpareBank 1 Sør-Norge ASA: Business Overview, Financials & Competitive Analysis
SpareBank 1 Sør-Norge ASA scores 7/10 on the AskCyborg Cyborg Score (Solid). Norway's second-largest bank with strong regional market position, stable earnings, and alliance-backed distribution leverage. The bank achieved 6.36% asset growth in 2025 with 1.39% return on assets and 11.15% return on equity. The bank targets above 14% return on equity, a cost/income ratio below 35%, and a CET1.
What is SpareBank 1 Sør-Norge ASA's industry? SpareBank 1 Sør-Norge ASA (ssor.no) operates in Banking. AskCyborg classifies SpareBank 1 Sør-Norge ASA under Banking in its company registry.
SpareBank 1 Sør-Norge is Norway's second largest Norwegian-owned bank, offering comprehensive retail and corporate banking services including loans, deposits, asset management, insurance, and payment solutions. As of ...
Cyborg Score thesis
Norway's second-largest bank with strong regional market position, stable earnings, and alliance-backed distribution...
Read the full analyst-debate transcript →Get the Latest SpareBank 1 Sør-Norge ASA Report
Up-to-date AI-powered research, analyst debate audio & saved-company playlists
Get Current Report FreeSpareBank 1 Sør-Norge ASA Overview
Pro stress-test →SpareBank 1 Sør-Norge is Norway's second largest Norwegian-owned bank, offering comprehensive retail and corporate banking services including loans, deposits, asset management, insurance, and payment solutions. As of October 1, 2024, SpareBank 1 SR-Bank and SpareBank 1 Sørøst-Norge merged as SpareBank 1 Sør-Norge, creating a regional powerhouse across southern Norway.
Strategic Profile
Pro stress-test →In 2025, SPAREBANK 1 SØR-NORGE ASA achieved the position of 2nd largest bank in Norway with a market share of 7.03% and the 1st largest savings bank in Norway with an 18.15% market share. The bank is part of the SpareBank 1 Alliance, which is a banking and product alliance between independent, locally based Norwegian banks, enabling scale while maintaining local presence and customer focus.
Competitive Landscape
Pro stress-test →The broader SpareBank 1 Alliance operates as Norway's second largest bank with total assets of NOK 625 billion, competing against DNB and other large Norwegian banks. SpareBank 1 Sør-Norge is the largest individual member of the alliance by assets, competing with other regional and national banks for deposits, lending, and wealth management market share.
Industry Context
SpareBank 1 Sør-Norge ASA operates in Banking.
Key facts
Founded: 1976 · Headquarters: Stavanger, Norway · Employees: 1,250+ · Revenue: N/A · Market cap: N/A