Haugesund Sparebank to acquire stake in Brage Finans

Haugesund Sparebank announced its intention to acquire an ownership stake in Brage Finans AS, a leading Norwegian leasing provider. Brage Finans, established in 2010, is currently owned by several Norwegian savings banks. This move aims to strengthen Haugesund Sparebank's offerings to its local business customers, for whom leasing is a crucial product.

The bank has been a distributor of Brage Finans' leasing products since the company's inception. Torstein Langeland, head of corporate market and deputy CEO at Haugesund Sparebank, highlighted the importance of being a comprehensive partner for the local business community.

The acquisition is contingent upon approval from the Financial Supervisory Authority of Norway. The announcement confirms the continuation of the existing leasing cooperation between the two entities.