SpareBank 1 Østlandet

Sparebank 1 Østlandet
Company typeSavings bank
IndustryBanking
Predecessors
  • Sparebanken Hedmark (1845–2017)
  • Bank 1 Oslo Akershus (1898–2017)
Founded1845
HeadquartersHamar, Norway
Area served
Oslo
Innlandet
Viken
Key people
Richard Heiberg (CEO)
Number of employees
1119 (2019)
Websitewww.sb1ostlandet.no

SpareBank 1 Østlandet (OSE: SPOL), formerly Sparebanken Hedmark and Bank 1 Oslo Akershus, is the fourth largest Norwegian savings bank and is based in eastern Norway. The bank´s major market is in the counties of Innlandet, Oslo and Viken. The company head office is situated in Hamar, and the bank has 37 branches in its market area. SpareBank 1 Østlandet is part of the SpareBank 1 alliance.

SpareBank 1 Østlandet´s equity certificate was listed at Oslo Stock Exchange at the 13th of June 2017 with the ticker SPOL.

SpareBank 1 Østlandet was the first Norwegian bank to share its profit by paying customer dividends.

Member of the alliance SpareBank 1 holding 12,4 % ownership of Sparebank 1 Gruppen AS, 2019.

Subsidiaries:

  • Estate agency (EiendomsMegler 1 Innlandet AS)
  • Estate agency (EiendomsMegler 1 Oslo Akershus AS)
  • Leasing and asset financing (SpareBank 1 Finans Østlandet AS)
  • Accounting and consultancy chain (TheVIT AS)

History

The bank has its roots back to 1845, and today's modern bank is a result of several mergers of local savings banks through the history. The last found place in 2017 when Bank 1 Oslo Akershus AS was merged in.