SpareBank 1 Nord-Norge establishes investment company

SpareBank 1 Nord-Norge has decided to establish its own investment company, with a capital of up to NOK 180 million.
The corporate purpose of the new company, SpareBank 1 Nord-Norge Invest AS, is to invest primarily in Nord-Norge.  The company will be responsible for investment and management of its resources.
Any questions should be directed to Hans Olav Karde, Chief Executive Officer, telephone 77 62 24 01 or Oddmund Aasen, Deputy Chief Executive Officer, telephone 77 62 20 94.
Tromso, 7 February 2006

For and on behalf of Sparebanken Nord-Norge
Kjell Kolbeinsen
Director, Information and Public Relations

About Us

SpareBank 1 Nord-Norge is a leading provider of financial products and services in North-Norway. In addition to loans, deposits and payment transmission services, this also comprises most other savings products, as well as life- and non-life insurance products. Services and products are made available either by the bank and its subsidiaries, or through SpareBank 1 Gruppen AS's product companies.