SpareBank 1 is a Norwegian banking alliance comprising 13 independent savings banks that collaborate under a common brand and shared technological platform. Established in 1996, the alliance is one of Norway's largest financial groups, offering a comprehensive suite of financial products and services to both private individuals and corporate clients. These services include retail and business banking, insurance policies, pension plans, savings and investment products, and real estate brokerage through its subsidiary EiendomsMegler 1. The core idea behind SpareBank 1 is to merge the local expertise and community engagement of individual savings banks with the resources, innovation capacity, and strength of a large financial entity, thereby providing robust and customer-centric financial solutions throughout Norway.
The headquarters of SpareBank 1 Gruppen AS serves as the strategic and operational hub for the alliance. It coordinates joint initiatives, develops common IT platforms and digital solutions, manages shared services (like insurance and asset management products), branding, and provides support to the member banks.
Located in a modern office building in central Oslo, designed to foster collaboration and innovation. The facilities often incorporate contemporary Scandinavian design principles, focusing on functionality and a positive work environment.
The work culture at SpareBank 1 Gruppen is characterized by collaboration, innovation, and a strong customer focus. It aims to empower the local member banks by providing them with competitive shared resources and expertise, particularly in technology and product development.
This central headquarters is significant as it enables the alliance of independent banks to compete effectively with larger financial institutions by standardizing key offerings, pooling resources for development, and maintaining a unified brand presence.
SpareBank 1 operates primarily within Norway, with a strong focus on serving local communities and businesses across the country. While it does not have an extensive network of international branches, the alliance supports its customers' global needs through various services. These include international payment processing, currency exchange, trade finance for businesses involved in import/export, and advisory services for customers with international interests. The member banks also maintain correspondent banking relationships with international financial institutions to facilitate cross-border transactions and services.
Hammersborggata 9
Oslo
Oslo
Norway
Address: Søndre gate 4, 7011 Trondheim
Provides a full range of banking, insurance, investment, and real estate brokerage services to personal and business customers in Trøndelag, Nordvestlandet, and parts of Nordland, contributing significantly to regional economic development.
Address: Bjergsted Terrasse 1, 4007 Stavanger
Offers comprehensive financial services to individuals and businesses in Rogaland, Agder, and Hordaland, playing a vital role in a region known for its energy sector and dynamic business environment.
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As of April 2025, SpareBank 1' leadership includes:
SpareBank 1 has been backed by several prominent investors over the years, including:
SpareBank 1 Gruppen AS appointed Ranveig Røste as its new Group CEO, effective May 2023. She succeeded Sigurd Aune, who served as interim Group CEO. This was a key leadership change for the central entity of the alliance.
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Employees at SpareBank 1, particularly those within the central SpareBank 1 Gruppen AS or using alliance-wide systems, commonly use an email format combining their first and last names. For example, 'firstname.lastname@sparebank1.no'. Individual member banks may also have their own specific domain variations (e.g., @smn.no, @sr-bank.no), but the pattern is often similar.
[first].[last]@sparebank1.no
Format
ola.nordmann@sparebank1.no
Example
85%
Success rate
SpareBank 1 Gruppen / DNB / NTB Kommunikasjon • February 20, 2024
SpareBank 1 Gruppen and DNB ASA announced an agreement to combine their respective asset management businesses, SpareBank 1 Forvaltning and DNB Asset Management. This strategic move aims to create Norway's largest asset manager, offering enhanced services and competitive advantages in both domestic and international markets. The new entity will manage significant assets and leverage the combined expertise of both organizations....more
SpareBank 1 SR-Bank ASA / Oslo Børs NewsWeb • April 25, 2024
SpareBank 1 SR-Bank ASA reported a pre-tax profit of NOK 1,551 million for the first quarter of 2024, an increase from NOK 1,270 million in the same period of 2023. The bank highlighted strong customer and lending growth, particularly in the corporate sector, and a return on equity of 14.8%....more
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