SpareBank 1 Sør-Norge has been assigned Nibor Panel Bank status by Norske
Finansielle Referanser (NoRe).
NoRe is established and owned by Finance Norway, with the purpose of
administering financial reference rates. SpareBank 1 Sør-Norge is now one of the
panel banks contributing to the setting of the Nibor rate, a cornerstone of the
Norwegian financial system.
"For SpareBank 1 Sør-Norge, being included among these banks is a mark of
quality. It demonstrates our high level of expertise and our commitment to
corporate social responsibility through our contribution to the Nibor rate,"
says Eirik Børve Monsen, CFO of SpareBank 1 Sør-Norge.
Nibor is a collective term for Norwegian money market rates with various
maturities. It is calculated as an average of the rates reported by the panel
banks. Nibor reflects market conditions and the economic situation in Norway and
forms the basis for banks' funding costs. As such, Nibor is important for
customer interest rates on deposits and mortgages.
"We are becoming part of the foundation of the Norwegian financial system. This
is an important signal and confirms our position in the market," says Dag
Hjelle, Head of Treasury at SpareBank 1 Sør-Norge.
Stavanger, 26 September 2025
Contact:
Eirik Børve Monsen, CFO, +47 916 39 831.
Dag A. Hjelle, Head of Treasury, +47 909 50 088.