Sparebank 1 Ostlandet
197.60
NOK
-2.40
(-1.20%)
Sparebank 1 Ostlandet
OSL:SPOL
(Euronext Oslo)
Recent
price
197.60
P/E
ratio
7.50
div
yld
15.69%
ROIC.AI
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
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- SpareBank 1 Østlandet is a Norwegian savings bank primarily engaged in providing a comprehensive range of financial products and services to individuals, businesses, public sector entities, clubs, and associations. The company’s core offerings include retail banking services such as savings accounts, current accounts, consumer loans, mortgage loans, car loans, payment processing, and credit and debit cards; insurance products covering various risk and accident prevention solutions; financing and lending services; capital and investment management; as well as advisory services in currency and interest rate hedging. The bank operates through distinct segments: Retail, Corporate, Organization Market, and Capital Market, delivering specialized products such as property insurance, risk-based advisory services for high-net-worth clients, and foreign currency services. Founded in 1845, SpareBank 1 Østlandet is headquartered in Hamar, Norway, and primarily serves the Eastern Norway region, including counties such as Hedmark, Oppland, Oslo, and Akershus. In the last 1-2 years, SpareBank 1 Østlandet has demonstrated a strong financial performance, reporting a consolidated profit after tax of NOK 3.356 billion for 2024 with a return on equity of 15.8%, the highest in 30 years. Recent major developments include growth in housing loans and solid underlying results supported by all income lines, as well as maintaining a strong capital position with updated supervisory requirements by the Norwegian Financial Supervisory Authority effective from December 2025. The bank has also engaged in strategic partnerships and cooperation, such as a NOK 1 billion loan facility launched with the Nordic Investment Bank to support small and medium-sized enterprises (SMEs) and environmental projects in Norway. Additionally, it has expanded operations and digital capabilities with a focus on personalized financial advisory services, including both physical and digital customer interactions, to enhance client experience and accessibility. The bank is part of the broader SpareBank 1 Alliance, which comprises several independent Norwegian savings banks. Overall, SpareBank 1 Østlandet is positioned as a leading regional financial institution in Eastern Norway, providing a full spectrum of banking, insurance, and financial advisory services with a clear emphasis on customer-centric solutions and sustainable business growth. Its recent operational and strategic initiatives underscore a commitment to expanding its market presence while maintaining strong financial discipline and digital innovation.