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Sparebanken Sør controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2009

    IK Start and Sør Arena losses

    Between 2007 and 2009, the bank lost approximately NOK 230 million on investments and loans connected with IK Start, Start Toppfotball and Sør Arena. The bank also spent approximately NOK 50 million on sponsorship and stadium naming rights. Regulators criticized the overlap between its roles as creditor and investor and identified poor risk management.

    Source