Savings banks in Norway have traditionally been founded as private organizations whose equity capital comprises previous years´ retained profits, accumulated in that bank´s reserves. However, the Savings Banks - Act was amended in 1987 to enable savings banks to raise capital in the equity market by issuing Equity Certificates (EC).  EC capital is regarded as core capital in the capital adequacy regulations.

Short intro to the EC

About equity certificates

Key Figures

Banks with EC

Regulations 

Links

For a presentation of the Norwegian savings bank sector and the EC - click this link

(Held by The Norwegian Savings Banks Associations´ Managing Director, Arne Hyttnes in London 9. march 2010)