KfS plans conversion to joint-stock company

Kredittforeningen for Sparebanker (KfS) announced on October 1, 2025, that its board decided on September 30, 2025, to pursue a conversion from an association to a joint-stock company. This structural change aims to reclassify the institution's legal form.

The decision for conversion is subject to two critical conditions. First, KfS requires an exemption from the mandate to establish a financial foundation as part of the transformation process. This would allow capital from member deposits to be converted directly into shares allocated to the member banks.

Second, the conversion is contingent upon regulatory authorities not imposing conditions or directives that would significantly disadvantage KfS or its owner banks. Lars W. Lynngård, managing director, is the contact person for inquiries.