History

  • 2021

    • Run-off agreements are reached with the members of the Local Bank Alliance. They can no longer transfer loans to EBK, and will enter a run-off phase.
    • Agreement is reached on selling back the NOK 1.2 billion portfolio to Spb 1 Nordmøre.
    • The loan transfer model is significantly updated, and the banks transfer close to NOK 1.5 billion.
    • EBK issues its first bond within the green bond framework.

  • 2020

    • Norway experiences the full impact of the coronavirus in March, and home working becomes widespread.
    • Eika Gruppen cancels its core banking agreement with SDC and enters into an agreement for a new IT platform from TietoEvry.
    • The bond committee at EBK approved a new green bond framework.
    • EBK also launches green residential mortgages, and the first loans in this category were made in December.

  • 2019

    • With effect from 10 December, EBK increases its maximum LTV ratio for residential mortgages from 60 per cent to the legal limit of 75 per cent.
    • With effect from 1 July, the required return on equity in EBK is changed from three months Nibor plus two percentage points to zero. Commissions to the owner banks are increased correspondingly.
    • EBK adopts Power BI as a visualisation and reporting tool to provide the owner banks with better Insight into the financing they have received from the company.

  • 2018

    • The banks begin to issue mortgages directly via their own credit portal.
    • Conducted a syndicated benchmark covered bond transaction for NOK 5 billion.
    • Eika Boligkreditt increased its holding in Eiendomsverdi AS from 18.79 to 25 per cent.
    • Total bank financing through Eika Boligkreditt exceeds NOK 80 billion.



  • 2017

    • Eika Boligkreditt exceeds NOK 100 billion in total assets.
    • Rating of the Company's covered bonds is upgraded from Aa1 to Aaa.
    • The Company recieves its first published issues rating (Baa1)
    • Eight owner banks merge to become four. The number of banks  is correspondingly reduced.



  • 2016

    • Eika Boligkreditt is integrated in the banks' credit portal at the end of October.
    • Total bank financing through Eika Boligkreditt exceeds NOK 70 billion.
    • An agreement is entered into with the owner banks on the delivery of key data related to the company's rating from Moody's Investors Service.


  • 2015

    • Eika Boligkreditt introduces individual lending rates for the owner banks.
    • New and improved agreement on credit guarantees comes into force on 1 October.
    • The company’s covered bonds have their rating further strengthened by a notch in leeway.
    • Four owner banks merge into two, and the number of owner banks is correspondingly reduced.

  • 2014

    • Moody’s Investors Service upgrades the company’s covered bonds to Aa1.
    • EBK’s covered bonds are registered on the Oslo Stock Exchange’s benchmark list.
    • The net residential mortgage portfolio exceeds NOK 60 billion in June.
    • Commissions to owner banks of NOK 582 million.

  • 2012

    • Eika Boligkreditt is demerged from Eika Gruppen and becomes directly owned by the local banks and OBOS.
    • A tighter structure of agreements is established between the new owners and the company.
    • Total assets exceed NOK 50 billion during June.
    • The company issues its first “jumbo” (EUR 1 billion) bond in the euro market.

The Eika Alliance 

The Eika Alliance comprises the Eika banks, Eika Gruppen and Eika Boligkreditt