SpareBank 1 Østlandet is Norway's fourth largest savings bank, a prominent regional financial institution headquartered in Hamar, eastern Norway. Formed in 2017 through the merger of Sparebanken Hedma... SpareBank 1 Østlandet is Norway's fourth largest savings bank, a prominent regional financial institution headquartered in Hamar, eastern Norway. Formed in 2017 through the merger of Sparebanken Hedmark and Bank 1 Oslo Akershus, and further expanded in November 2024 by integrating Totens Sparebank, it operates 37 branches across Innlandet, Oslo, Viken, Akershus, and Buskerud counties. As part of the SpareBank 1 alliance, it collaborates with other independent banks on IT, branding, and expertise, holding a 12.4% stake in SpareBank 1 Gruppen AS. The bank provides comprehensive retail banking and insurance services to private individuals, SMEs, and companies, including current accounts, savings, payment cards, consumer loans, car loans, and mortgages, with a focus on green lending comprising 18.3% of total loans. Renowned as the first Norwegian bank to distribute customer dividends, it shared 381 million NOK in 2024 from prior surplus, totaling over 1.8 billion NOK since its 2017 Oslo Stock Exchange listing. With total assets exceeding 207 billion NOK in 2024 and strong profitability, SpareBank 1 Østlandet plays a vital role in fostering local economic development and community engagement in eastern Norway.
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