SpareBank 1 Ostlandet
SPRBF
Other OTC12.26
USD
-2.79
- -
ISIN
NO0010751910
Return %
Stock
S&P500
1Y
- -
26.84
3Y
- -
77.03
5Y
- -
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Klara-Lise Aasen
- Full Time Employees
- 1,225
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- Strandgata 15 Hamar Norway 2302
- IPO Date
- Jun 15, 2023
- Website
- sparebank1.no
- Similar Companies
- Business
- SpareBank 1 Østlandet is a Norwegian savings bank specializing in banking and financial services with a focus on the regions of Innlandet, Oslo, and Viken. The bank operates through three main segments: Retail, Corporate, and Organisation Market and Capital Market. Its core products and services include savings and deposit accounts; various financing and loan products; payment processing; life and non-life insurance; accident prevention services; capital and investment management; pension savings; credit cards; leasing; money-transfer services both domestically and internationally; debt recovery; factoring; trade and corporate finance; real estate brokerage and rental; and accounting-related services. The bank serves individuals, businesses, the public sector, clubs, and associations, delivering integrated financial solutions tailored for a broad market base. Founded in 1845, SpareBank 1 Østlandet is headquartered in Hamar, Norway, with 37 branches in its market area and about 1,345 employees. It is part of the SpareBank 1 alliance, a network of Norwegian regional savings banks. Recent major changes include a significant strategic merger agreement signed with Totens Sparebank to strengthen the bank's regional focus and market presence in Innlandet, including the establishment of a new regional office in Gjøvik. The bank has also completed the sale of its wholly owned subsidiary Youngstorget 5 AS as part of operational adjustments. Organizational restructuring efforts have been undertaken to improve operational efficiency and to boost development efforts, including updates in leadership roles and business segment focus. Additionally, SpareBank 1 Østlandet has distinguished itself as one of Norway's early adopters of generative AI in customer-facing banking services, underscoring its commitment to innovation and digital transformation. The bank continues to perform strongly financially, maintaining solid profitability and capital positions, supported by diverse income streams across retail and corporate financial services. These developments position SpareBank 1 Østlandet as a comprehensive regional bank with robust product offerings and ongoing strategic initiatives that enhance regional presence, operational efficiency, and digital innovation within the Norwegian banking sector.