Sparebank 1 Naeringskreditt AS – ESG risk research and ESG rating
We at sustainAX have ESG risk researched and ESG risk rated Sparebank 1 Naeringskreditt AS and our clients can access the reseach on their Bloomberg terminals.
Sparebank 1 Naeringskreditt AS is in the materiality based sector of FINANCE.
Other name(s):Sparebank 1 Næringskreditt AS
About the company:
SpareBank 1 Naeringskreditt (Spacom) is a covered bond issuer and a sister company to SpareBank 1 Boligkreditt (Spabol). Spacom's cover pool contains mortgages on commercial properties (offices, hotels, logistical facilities and retail) as well as some types of residential mortgages. The two companies share one management team, but are legally separate entities. SpareBank 1 Naeringskreditt is, like Boligkreditt, owned by banks in the SpareBank 1 Alliance. - The company's purpose is to acquire first lien Norwegian commercial mortgages originated by the owner banks in the SpareBank 1 Alliance and finance these through issuing covered bonds. - The covered bond funding entity is of high strategic importance to the members in the SpareBank 1 Alliance. The Alliance consists of savings banks with a dominant share of mortgage retail lending as their core business. All of the business takes place within Norway and most SpareBank 1 banks trace their history to the 19th century. The Alliance's banking branch network is Norway's most extensive and the wide dispersion of banks ensures a well distributed cover pool.
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