Norwegian banks shall report accounting figures to the Norwegian Banks' Guarantee Fund on a quarterly basis. We send an e-mail to the banks at the end of each quarter. The e-mail contains information about what to be send to us. We ask for the quarterly or annual report in addition to a spreadsheet with accounting and balance sheet figures as well as some additional information. The deadline for submission is approximately 1.5 months after the end of the quarter for the first three quarters and somewhat later for the annual accounts.
After the banks have submitted their figures and we have quality assured them, we send an e-mail to each bank, approximately two months after the end of the quarter and three months after the end of the year. The e-mail contains the bank's key figures and reference group figures for comparable banks. The reference groups are based on both the type of bank and the size of the assets under management. Savings banks are compared with other savings banks and other banks are compared with both savings and other banks. The asset under management is divided into groups of NOK 0-6, 6-20, 20-400 billion and all banks.
We are currently developing a more efficient solution for quarterly reporting via Sikringsportalen and will inform the banks before the new solution is being implemented.
Branches of credit institutions that are members of the deposit guarantee scheme report annual accounting figures for the branch. The Norwegian Banks’ Guarantee Fund sends an e-mail to the branch members with a letter about reporting as well as a spreadsheet to be filled out. The e-mail is normally sent by the end of February. We ask for profit and loss figures for the branch, as well as some additional information. We also ask the branch to submit the annual accounts for the branch, as well as the annual accounts for the legal entity of which the branch is a part. The deadline for submission is at the end of May.