Verd Boligkreditt
in Norway 🇳🇴
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About Verd Boligkreditt in Norway
Verd Boligkreditt is a jointly-owned residential mortgage credit institution (boligkredittselskap) based in Bergen, Norway. The company operates as a specialized mortgage bank with 18-19 owner banks, all of which are smaller savings banks (sparebanker) that have pooled their resources to create a competitive mortgage lending platform.
As a licensed credit institution (kredittforetak), Verd Boligkreditt focuses exclusively on financing residential mortgages by issuing covered bonds (obligasjoner med fortrinnsrett), which allows the consortium to secure funding at more favorable rates than individual member banks could achieve independently. This structure enables smaller savings banks to compete effectively with larger financial institutions in the Norwegian mortgage market.