Sparebank completed the acquisition of 68.64% of stake in Kredinor, for NOK816m.

Sparebank, a Norwegian alliance and brand name for a group of savings banks, completed the acquisition of 68.64% of Kredinor, a full-service debt collection agency that provides services in two main categories: Credit Management Services and Portfolio Investments, for NOK816m. "This is a solution I am very happy to present. Both of our owners continue to support us. The fact that SpareBank 1 Gruppen is now becoming the largest owner in our company underscores the importance of solid capital and owners who step up. We have a unique ownership backing us, which we believe the market will also take note of," Rolf Eek-Johansen, Kredinor CEO.