Mission Statement, Vision, & Core Values (2026) of Sparebanken Vest.

Rooted in Western Norway for over 200 years and marking its 200th anniversary in 2023, Sparebanken Vest stands as a locally governed bank with a clear mission to be freestanding and independent, empowering individuals and businesses with customer-centric financial services while driving regional prosperity; the bank blends a long heritage with a strategic push for digital transformation, sustainability initiatives and a people-first vision that champions employee potential, collaboration and the core values of proficiency, accessibility and dedication across retail, SME and corporate client segments.

Sparebanken Vest (0G67.L) - Intro

• Founded: c. 1823 - celebrated 200 years in 2023.
• Primary market: Hordaland, Rogaland, Sogn og Fjordane and surrounding areas (Western Norway).
• Customer base: Individuals, SMEs, large corporates, agricultural clients and public sector entities.
• Employees and footprint: regional branch network combined with digital channels to serve urban and rural customers.

• "To increase prosperity and well‑being in Western Norway" - a mission rooted in local ownership, community financing and long-term regional development.
• Focus on enabling households, entrepreneurs and regional businesses through accessible banking, advice and targeted financing solutions.

• To be the leading financial partner for Western Norway - combining digital excellence with local presence and deep customer insight.
• Drive sustainable growth by integrating climate, social and governance priorities into banking services and capital allocation.

• Local commitment - decisions close to customers and reinvestment in the region.
• Trustworthiness - conservative risk culture, transparent customer dialogue and high regulatory capital buffers.
• Customer focus - tailored advice, long-term relationships and a broad product suite for private and business clients.
• Innovative mindset - continuous digital transformation to streamline processes and improve customer journeys.
• Responsible banking - emphasis on sustainable lending, green financing and supporting the region's transition to a low‑carbon economy.

• Digital transformation: expand digital channels, automation and data-driven advisory tools to improve efficiency and customer experience.
• Sustainability: increase green lending, integrate ESG into credit decisions and offer products that support decarbonisation of regional industries.
• Talent and culture: build an agile organization to attract and retain skilled staff while maintaining local decision-making authority.
• Profitability with prudence: balance growth in loans and fees with conservative credit risk management and strong capital ratios.

• Allocation of capital to regional projects (housing, infrastructure, SMEs, renewable energy) with explicit sustainability criteria.
• Investment in digital platforms and mobile banking to migrate transactional volume to lower-cost channels while improving advisory reach.
• Maintaining CET1 ratios well above regulatory minima to preserve financial resilience for regional shock absorption.
• Active sponsorships, donations and dividend policy aimed at reinvesting in the local community and cultural institutions.

Sparebanken Vest (0G67.L) - Overview

• Freestanding & independent: governance structured to limit external ownership influence and preserve local decision-making.
• Locally managed: branch network and management teams embedded in the region for faster, context-aware decisions.
• Customer empowerment: advisory and product development oriented toward optimizing client financial outcomes.

• Capital strength (CET1 ~15-18%) supports local lending capacity and crisis resilience without relying on external rescue.
• Asset base (NOK 230-250bn) enables broad financing to households, SMEs and local industries while keeping decision-making proximate.
• ROE and net profit figures indicate sustainable profitability that funds local initiatives, community sponsorships and digital investments.

• Local credit committees: credit decisions taken near customers to reflect regional economic cycles and sector exposures (fishing, oil-service, maritime, real estate).
• Advisory focus: prioritise financial planning, mortgages and SME cashflow solutions to improve client resource allocation.
• Digital channel investment: maintaining local presence while scaling digital services to reduce cost-to-serve and improve accessibility.

• Ownership structure and capital policy designed to preserve independence and local strategic control.
• Regulatory compliance and transparent reporting reinforce credibility with depositors and regional partners.
• Dividend policy balances return to owners with retention to support regional lending capacity.

Sparebanken Vest (0G67.L) - Mission Statement

• Enable customers and communities in Western Norway with accessible banking services and long-term financing solutions.
• Attract, develop and retain talent by creating a workplace where employees can realize their potential and succeed together.
• Maintain robust capital and liquidity positions to support resilience and growth through economic cycles.
• Drive digital transformation while preserving trusted local advisory relationships.

• Personal and professional growth - structured management development programs and internal mobility to accelerate careers.
• High-performance teams - hiring and retaining top talent to ensure superior customer outcomes and operational excellence.
• Collaborative culture - celebrating collective achievements and embedding teamwork into incentive and recognition systems.
• Employee engagement - measuring and acting on engagement indices to improve motivation and retention.

• Management development: multi-year programs covering ~100 managers annually, internal promotion rate targeted >30%.
• Employee engagement: regular surveys with target engagement scores above industry median; retention initiatives focused on high performers.
• Recruitment focus: combining local hiring with targeted external hires for digital, risk and sustainability competencies.

• Capital strength (CET1 ~17%) provides buffer to pursue lending growth while funding talent and digital investments.
• Profitability (ROE ~9%) supports reinvestment in employee development and branch advisory capabilities.
• Loan growth and deposit mobilization underpin regional commitment and allow the bank to finance local SMEs and households.

Sparebanken Vest (0G67.L) - Vision Statement

• Proficiency: deep market knowledge, timely delivery of tailored financial solutions, and a focus on high-quality advisory services.
• Accessibility: multichannel delivery (branches, digital platforms, mobile app) ensuring services are available where and when customers prefer.
• Dedication: active engagement with customers, colleagues and local partners to co-create value and foster regional development.

• Proficiency - continuous upskilling: investment in employee training, specialist credit teams for SMEs and sectors such as energy and aquaculture.
• Accessibility - digital adoption metrics: high mobile app penetration, streamlined online mortgage and SME loan processes, and a maintained branch footprint for complex advisory.
• Dedication - community engagement: sponsorships, local development loans, and tailored financing packages for municipal projects and small businesses.

• Capital policy anchored to maintaining CET1 well above regulatory buffers to support lending through cycles.
• Risk appetite focused on diversified regional exposure, strong underwriting standards and active credit monitoring.
• Investment in digital platforms to reduce friction, increase accessibility and lower unit costs while preserving high-touch advisory for complex client needs.