a presentation finance norway. “banks and insurers are the backbone of the norwegian economy, and...
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“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
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 well-functioning financial industry
A universally important industryBank 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
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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
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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 structureGeneral Assembly
Board
Principal Advisory Committees
Administration
Technical Sub-committees
CommitteesBanking Life and
Pensions Non-life Employer Issues
•Legal Affairs•Employer Issues
•Banking and Capital Markets•Payments and Infrastructure•Life and Pensions•Risk and Non-life
Values
ProgressiveWe promote an innovative and sustainable financial industry
UnambiguousWe are clear and courageous communicators
CredibleWe have the expertise and integrity to listen and be listened to
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