Transcript The Norwegian economy, savings bank sector and the equity

The Norwegian economy,
savings bank sector and the
equity certificates (EC)
Arne Hyttnes, Managing Director
GDP – Mainland Norway
Norway – unemployment
(in percent of labour force)
Government financial balances 2010 (surplus(+) or deficit(-) in percent of
GDP)
Source: OECD
Loans from different sources. Percent Dec. 2009
1,3
6,1
27,2
Banks
Public loans
Mortgages and fin. Comp.
Insurance companies
Bonds and Certificates
59,0
6,5
Market shares (total assets) Norwegian banks 31.12.2008
Foreign commercial banks
33 %
38 %
Norwegian owned
commercial banks
Other savings banks
DnB NOR
4%
9%
16 %
EC Savings banks
EC Index vs General Index– Oslo stock exchange
Holdership of the bank’s capital
Higher priority
Subordinated debt
Capital owned by EC holders
EC Premium Fund/Compensation Fund
Equalisation
Fund
Lower priority
Basic Fund
Gift Fund
Thank you for your attention
Arne Hyttnes, managing director
[email protected]