Savings bank foundation SR-Bank
Sparebankstiftelsen SR-Bank was established 1th January 2012 as a result of the conversion of SpareBank SR-Bank into a limited liability company (ASA).
The foundation ( Sparebankstiftelsen SR-Bank) is the largest shareholder of SpareBank 1 SR-Bank ASA with an ownership of 28,3 %. The ownership shall be at least 25% of the issued shares of SpareBank 1 SR-Bank ASA.
Sparebankstiftelsen SR-Bank was given two objectives from its very start:
– To be a significant, stable and long-term owner of SpareBank 1 SR-Bank ASA.
– To preserve the traditions pursued by Norway`s savings bank traditions, including donations for the common good in the region Agder, former Hordaland and Rogaland.
The Foundation can dispose from the profits and distribute to charitable causes.The Foundation shall, in its distribution of donations preferably taking into account the districts that contributed to the capital in SpareBank 1 SR-Bank.
The Foundation’s expectations to the bank is in the following areas:
– value creation
– market area
– equity and risk
– dividend policy
– corporate governance
– communication between the foundation and the bank
The Foundation supports projects and organisations in the region. The capital shall be a source of inspiration for individuals and organisations, enabling them to realise their ideas and initiatives for the joy and benefit of the public and especially young people.
– Recreational and outdoor activities
– Childhood environment