Terra-Gruppen

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Terra-Gruppen AS
Type of Company Private
Founded 1997
Headquarters Oslo, Norway
Key people Ola Sundt Ravnestad (CEO)
Area served Norway
Industry Financial services
Website www.terra.as

Terra-Gruppen, branded as Terra is an alliance between 80 Norwegian savings banks. The umbrella company provides a number of services that the small, independet banks are not able to provide by themselves. The services of Terra includes securities, insurance and real estate agencies. The alliance has its offices in Oslo, Norway and between the banks has total assets of NOK 130 billion.

Contents

[edit] Subsidiaries

  • Terra Aktiv Eiendomsforvaltning (real estate agent)
  • Terra BoligKredit (finance)
  • Terra Eiendomsforvaltning (real estate agent)
  • Terra Finans (fiance)
  • Terra Fondsforvaltning (securities)
  • Terra Kapitalforvaltning (securities)
  • Terra Markets (securities)
  • Terra Securities (securities)
  • Terra Skadeforsikring (insurance)

[edit] History

Terra was founded in 1997 as Eika Gruppen as a concequence of the new trends in Norwegian banking. Previously there had been a massive merging among Norwegian savings banks, resulting in a number of regional savings banks, the largest of these being Sparebanken NOR that was a merger between a total of more than one hundred banks. In 1996 a lot of the other large, regional banks formed an alliance called SpareBank 1 to provide an umbrella for their operations. At the same time both the large savings banks and the commercial banks had two new trends; a new technological platform with online banking and the banks providing the total spectre of financial services, also including savings, securities and insurance.

Also the samll, independent savings banks who had not merged needed to provide these services. As a result they formed Eika Gruppen. Since 1997 Terra has acquired subsidiaries to perform a larger and larger sprectre of products.

[edit] Member banks

Bank Website Main office Founded
Andebu Sparebank [1] Andebu 1863
Ankenes Sparebank [2] Narvik 1885
Arendal og Omegns Sparekasse [3] Arendal 1890
Askim Sparebank [4] Askim 1888
Aurland Sparebank [5] Aurland 1883
Bamble og Langesund Sparebank [6] Bamble 1849
Berg Sparebank [7] Halden 1915
Birkenes Sparebank [8] Birkenes 1859
Bjugn Sparebank [9] Bjugn
Blanker Sparebank [10] Sørumsand 1920
Bud, Fræna og Hustad Sparebank [11] Fræna
Bø Sparebank [12] Bø, Telemark 1952
Drangedal og Tørdal Sparebank [13] Drangedal 1936
Eidsberg Sparebank [14] Mysen
Etnedal Sparebank [15] Etnedal
Evje og Hornnes Sparebank [16] Evje 1864
Fjaler Sparebank [17] Fjaler 1873
Gjerstad Sparebank [18] Sundebru
Grong Sparebank [19] Grong 1862
Grue Sparebank [20] Grue 1862
Haltdalen Sparebank [21] Haltdalen
Harstad Sparebank [22] Harstad
Hjartdal og Gransherad Sparebank [23] Sauland 1898
Hjelmeland Sparebank [24] Hjelmeland
Hol Sparebank [25] Geilo
Holla og Lunde Sparebank [26] Ulefoss
Høland Sparebank [27] Aurskog-Høland 1849
Hønefoss Sparebank [28] Hønefoss 1902
Indre Sogn Sparebank [29] Årdal 1860
Jernbanepersonalets Sparebank [30] Oslo
Klepp Sparebank [31] Kleppe
Klæbu Sparebank [32] Klæbu 1858
Kragerø Sparebank [33] Kragerø
Kvinesdal Sparebank [34] Kvinesdal 1870
Larvikbanken Brunlanes Sparebank [35] Larvik 1911
Lofoten Sparebank [36] Vestvågøy 1906
Marker Sparebank [37] Ørje
Meldal Sparebank [38] Meldal 1912
Narvik Sparebank [39] Narvik
Nes Prestegjelds Sparebank [40] Nesbyen 1842
Nesset Sparebank [41] Nesset 1878
Odal Sparebank [42] Sand 1877
Ofoten Sparebank [43] Bogen 1899
Opdals Sparebank [44] Oppdal 1856
Orkdal Sparebank [45] Orkdal
Rindal Sparebank [46] Rindal 1873
Rørosbanken Røros Sparebank [47] Røros
Sauda Sparebank [48] Sauda 1892
Selbu Sparebank [49] Selbu 1859
Seljord Sparebank [50] Seljord 1937
Setskog Sparebank [51] Aurskog-Høland 1912
Soknedal Sparebank [52] Midtre Gauldal
Sparebanken Bien [53] Oslo 1885
Sparebanken Hemne [54] Hemne 1864
Sparebanken Telespar [55] Bærum 2003
Spydeberg Sparebank [56] Spydeberg 1859
Stadsbygd Sparebank [57] Rissa 1892
Strømmen Sparebank [58] Lørenskog 1921
Sunndal Sparebank [59] Sunndal 1893
Time Sparebank [60] Time
Tinn Sparebank [61] Tinn 1958
Tjeldsund Sparebank [62] Tjeldsund 1938
Tolga-Os Sparebank [63] Tolga 1864
Totens Sparebank [64] Østre Toten
Trøgstad Sparebank [65] Trøgstad 1847
Tysnes Sparebank [66] Tysnes 1863
Valle Sparebank [67] Setesdal 1866
Vang Sparebank [68] Vang
Vegarshei Sparebank [69] Vegarshei 1904
Verran Sparebank [70] Mosvik 1907
Vestre Slidre Sparebank [71] Slidre
Vik Sparebank [72] Vik 1846
Ørland Sparebank [73] Ørland 1849
Ørskog Sparebank [74] Ørskog 1857
Øystre Slidre Sparebank [75] Slidre
Åfjord Sparebank [76] Åfjord 1902
Aasen Sparebank [77] Levanger 1862

[edit] External links