SpareBank 1
SpareBank Nord-Norge (19.5%) | |
Number of employees | 6,300 (2010) |
|---|---|
| Website | www |
SpareBank 1 is a Norwegian alliance and brand name for a group of savings banks. The alliance is organised through the holding company SpareBank 1 Gruppen AS owned by the participating banks. In total the alliance is Norway's second largest bank with total assets of NOK 625 billion, 352 branches and 6300 employees. The alliance has its head office in Oslo, Norway. The banks in the SpareBank 1 Alliance distribute SpareBank 1 groups' products and collaborate in key areas such as brands, work processes, expertise development, IT operations and system development.
Companies in the group include the
History
In 1996 the original members of the alliance, Sparebanken SMN, Sparebanken Nord-Norge, Sparebanken Rogaland and
In 1998 the
The same year SpareBank 1 purchased VÅR Bank from the labour union Landsorganisasjonen (LO). This bank was renamed Bank 1 Oslo, with branches in Oslo and Akershus while other branches of the bank were taken over by other alliance members. LO acquired at the same time 10% of the stocks in SpareBank 1.
In 2003 the first major member of the alliance leaves when Sparebanken Vest sells its shares. In 2006 Sparebanken Hedmark entered the group, while FöreningsSparbanken sold its shares.
Member banks
SpareBank 1 Gruppen is owned by the participating banks.
Samarbeidende Sparebanker consists of:
- SpareBank 1 Buskerud-Vestfold
- SpareBank 1 Østfold Akershus
- SpareBank 1 Hallingdal
- SpareBank 1 Gudbrandsdal
- SpareBank 1 Ringerike Hadeland
- SpareBank 1 Nordvest
- SpareBank 1 Nøtterøy–Tønsberg
- SpareBank 1 Telemark
- SpareBank 1 Lom og Skjå
- SpareBank 1 Søre Sunnmøre
Other associates:
- Rygge-Vaaler Sparebank
- BNbank
Sponsorships
Sparebank 1 sponsors the Norwegian
