Sparebanken Midt-Norge has today made an out of court settlement with KPMG. The settlement is made together with other banks, insurance-companies, and the estate of bankcrupties with companies within the Finance Credit system.
Through the settlement the Bank will be paid a sum of MNOK 52,5 in October 2005. Adjusted for the amount which there is not any provisions for and expected costs, Sparebanken Midt-Norge will make a restitution of approx MNOK 37.
Sparebanken Midt-Norge has taken legal action against a insurance-syndicate within Lloyds. The Bank is in negotiations with this syndicate regarding an out of order settlement.
Trondheim, 26th of September
Contact persons:
Please direct any questions to:
Finn Haugan, CEO , on +47 900 41 002
SpareBank 1 Midt-Norge is Central Norway's leading financial group. We are market leaders in personal and business banking and have 58 offices in 49 municipalities, in addition to distributing our services through 17 in-shop banks. Our head office is in Trondheim. The group has approximately 700 employees and comprises, in addition to banking operations, the subsidiaries SpareBank 1 Finans Midt-Norge AS, EiendomsMegler 1 Midt-Norge AS, Allegro Finans ASA and Midt-Norge Regnskap AS.
Our mission is to be the recommended bank for customers in Central Norway and, as a local, independent savings bank, we feel a special responsibility for stimulating growth and quality of life in the region. We base our business on proximity to customers, good accessibility, a complete range of banking, financial and insurance products, and holistic financial advisory services.
SpareBank 1 Midt-Norge is one of six owners of SpareBank 1 Gruppen AS.
For more information, visit our website at