Signed merger plan between SpareBank 1 SR-Bank ASA and its wholly owned subsidiary SpareBank 1 SR-Finans AS

The boards of directors of SpareBank 1 SR-Bank ASA and its wholly owned subsidiary, SpareBank 1 SR-Finans AS have signed a joint merger plan, dated 24 August 2016, for a merger between the two companies, with SpareBank 1 SR-Bank ASA as the receiving company. The boards of directors of the companies plan to adopt the merger in board meetings expected to be held on or about 26 September 2016.

The merger will be undertaken as a parent-/subsidiary merger without compensation pursuant to the simplified procedures of section 13-24 of the Norwegian Public Limited Liability Companies Act.

The merger plan, half-yearly report per June 2016, and annual accounts, annual report and auditor’s report for the past three years for both companies are available for print and download at the company’s website

Stavanger August 25, 2016

If any questions please contact:
Inge Reinertsen, Chief Financial Officer, tel. +47 909 95 033
Stian Helgøy, Vice President Investor Relations, tel. +47 906 52 173

About Us

SpareBank 1 SR-Bank is Norway’s second largest savings bank and operates in the Rogaland, Agder and Hordaland markets. We provide financial products and services, including loans and deposits, mutual funds and asset management, insurance and pension savings, payment and financing services, real estate brokerage and services related to the money and capital market. The head office is in Stavanger.