Organisation and management
Sparebanken Møre has defined its primary geographic area of operations as Nordvestlandet. The Bank is the leading financial group in the region with 28 branches in Møre og Romsdal.
Sparebanken Møre’s General Meeting is the Bank’s supreme body. The General Meeting’s main duties involves approving the financial statements, and electing a board of eight members.
The General Meeting has 44 members and 14 deputy members. It is composed of four groups with the following distribution:
- 13 members and four deputy members are elected by and from among the Bank’s customers
- 17 members and four deputy members are elected by and from among the equity certificate holders
- 11 members and four deputy members are elected by and from among the employees
- Three members and two deputy members are elected by the general meeting to represent the social function
The CEO’s executive management team is composed of the heads of sections, Corporate Banking Division and the Retail Banking Division.
The Head of the Retail Banking Division is responsible for developing and maintaining the Bank’s retail customer concept. A total of 28 branches perform the Bank’s customer-oriented activities. Every retail market department is headed by a bank executive who reports to the head of the division, who in turn reports directly to the chief executive.
The Head of the Corporate Banking Division is responsible for developing and maintaining the Bank’s corporate banking concept. The Corporate Banking Division consists of the Corporate Banking Sunnmøre, Corporate Banking Romsdal og Nordmøre, and Corporate Banking Søre Sunnmøre. Corporate Banking Sunnmøre is in turn organised into six different branches (maritime, offshore and supply, industry, real estate, trade and services, and SME). The heads of these departments report to the head of the division, who in turn reports to the chief executive.
The various tasks and responsibilities relating to Sparebanken Møre’s day-to-day operations are allocated in such a way that the resource usage in the branch network is, to a great extent, prioritised in favour of direct customer-related activities. Other tasks shall, as far as possible, be addressed by the Bank’s central support system, which is organised into seven staff units. Each of these units is managed by an EVP, who reports directly to the CEO.
The executive management group forms the cornerstone of Sparebanken Møre’s management structure in order to ensure efficient communications and decision-making processes. The EVP, Retail Banking Division, the EVP, Corporate Banking Division and the EVPs of the seven staff units form their own management groups together with their respective department heads.
The EVP, Retail Banking Division, the EVP, Corporate Banking Division and the EVPs of the staff units are appointed by the Board. The CEO selects the members of the Bank’s executive management group.