SPAREBANK 1 SOR-NORGE ASA
224.00
NOK
-1.50
(-0.67%)
ISIN
NO0010631567
Return %
Stock
S&P 500
1Y
29.70
14.20
3Y
78.20
81.12
5Y
70.41
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
NOK
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
NOK
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in mil. unless spec.Company Description
- CEO
- Inge Reinertsen
- Full Time Employees
- 2,465
- Sector
- Finance
- Industry
- Savings banks
- Address
- Christen Tranes gate 35 Stavanger RO Norway 4007
- IPO Date
- May 2, 1994
- Website
- sparebank1.no
- Similar Companies
- Business
- SpareBank 1 Sørøst-Norge is a Norwegian financial services group offering a comprehensive range of banking, lending, insurance, investment, and real estate brokerage services primarily in the southern regions of Norway including Buskerud, Vestfold, Telemark, Agder, and the Oslo area. The company’s core products include retail and commercial banking services such as current and savings accounts, credit and debit cards, various loans (mortgage, car, boat, consumer, construction, and business loans), refinancing, micro savings, pension products, and investment funds. It provides insurance solutions for both personal and business customers as well as accounting and financial advisory services through its subsidiaries and partly-owned companies within the SpareBank 1 alliance. SpareBank 1 Sørøst-Norge also offers digital banking through mobile and online platforms, payment services, and real estate brokerage in its operational regions. The group was established through a series of mergers, most recently forming its current structure on October 1, 2024, following the merger of SpareBank 1 SR-Bank and SpareBank 1 Sørøst-Norge, with headquarters in Stavanger and significant operations from its base in Tønsberg. It operates under a savings bank model with ownership mainly held by savings bank foundations. Recent major developments include the establishment of SB1 Markets, a Nordic investment bank partnership with Swedbank, where SpareBank 1 Sørøst-Norge holds a 28.1 percent stake, marking strategic expansion into the Nordic investment banking segment since September 2025. The bank reported strong financial results in the third quarter of 2025, highlighting increased net interest income, improved operational synergies, and revised synergy targets upwards to 450 million kroner by 2027, alongside the introduction of a new dividend policy that reflects enhanced market competitiveness and financial efficiency. The bank remains committed to regional growth while managing operational transitions post-merger and supporting sustainable community development. Founded in 1859 and headquartered in Tønsberg, Norway, SpareBank 1 Sørøst-Norge employs several hundred staff members and serves approximately 335,000 customers. It is classified as a systemically important financial institution in Norway, adhering to stringent governance and regulatory standards. The company’s geographic footprint covers southern Norway through an extensive branch network and digital channels targeting individuals, small and medium-sized enterprises, and larger corporate clients. SpareBank 1 Sørøst-Norge operates as part of the SpareBank 1 alliance which aggregates product offerings across finance, insurance, and payment services to maintain competitive market offerings. The group also collaborates closely with SpareBank 1 Boligkreditt, specializing in mortgage loan mediation and issuance of covered bonds and senior debt, enhancing its financing capabilities. This description covers SpareBank 1 Sørøst-Norge’s financial services products, strategic recent changes including mergers and partnership expansions, geographic operations, founding year, ownership structure, and its standing as a major regional bank in Norway’s southern market region.