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.
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| Company type | Savings bank |
|---|---|
| Industry | Banking |
| Predecessors |
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| Founded | 1845 |
| Headquarters | Hamar, Norway |
Area served | Oslo Innlandet Viken |
Key people | Richard Heiberg (CEO) |
Number of employees | 1119 (2019) |
| Website | www |
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
editThe 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.
