FINANCE
NORWAY
A presentation
“Banks and insurers are
the backbone of the
Norwegian economy, and
we aim to help them do
the best job possible”
Idar Kreutzer, Managing
Director
A well-functioning financial industry
Offers financial security throughout people’s lives
Provides savings, loans and efficient payments for
businesses and consumers
Finances profitable ventures
Safeguards the assets of businesses and consumers with
rapid and efficient settlement of claims
Is a sound and progressive employer for skilled and
productive professionals
A universally important industry
Bank customers:
• 4.5 million with deposit accounts
• 1.5 million with mortgages
• 514,000 businesses
Insurance and pension customers:
• 1.4 million with private occupational
pensions
• 430,000 in municipal pension
schemes
• 23 million private insurance policies
4
The Norwegian financial industry
• More than 2,000 firms
• 60,000 employees
• NOK 5.3 trillion under
management
• 2% of employment
• 7% of output
• Efficient and productive
• Largest non-oil taxpayer
• Truly nationwide
structure
5
Finance Norway
• Trade and employer federation
for all banks and insurers
operating in Norway
• More than 230 member firms
• 100 employees working on
regulatory, social, industry
and employer issues
Members:
Savings banks
Commercial banks
Life insurers
Non-life insurers
Savings bank foundations
Mortgage companies
Financial conglomerates
Other financial firms
Management structure
General Assembly
Board
Principal Advisory
Committees
Administration
Banking
•Legal Affairs
•Employer Issues
Committees
Life and
Employer
Non-life
Pensions
Issues
•Banking and Capital Markets
•Payments and Infrastructure
•Life and Pensions
•Risk and Non-life
Technical Subcommittees
Values
Progressive
We promote an innovative
and sustainable financial
industry
Unambiguous
We are clear and
courageous communicators
Credible
We have the expertise and
integrity to listen and be
listened to
VISION
Equivalent and competitive regulatory conditions
nationally and internationally. Fact-based, predictable and
transparent regulatory processes with input from the
industry.
VISION
The Norwegian financial industry is important, responsible
and skilled, and contributes to economic growth through
efficient and reliable provision of key services.
VISION
The Norwegian financial industry is the most efficient in
Europe, with a ready supply of cutting-edge expertise and
a good platform for research and development.