SpareBank 1 Østlandet explained

Sparebank 1 Østlandet
Type:Savings bank
Foundation:1845
Location:Hamar, Norway
Key People:Richard Heiberg (CEO)
Area Served:Oslo
Innlandet
Viken
Industry:Banking
Num Employees:1119 (2019)

SpareBank 1 Østlandet, 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.

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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.

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