SPAREBANK 1 ØSTLANDET

 (3.5; 4 ratings)
3.5 4
Business Focus
regional retail banking

SPAREBANK 1 ØSTLANDET is a local savings bank, focused on retail banking and insurance products and services to local residends: private individuals, SMEs and companies. The range of products offered by SPAREBANK 1 ØSTLANDET includes current accounts, payment cards, savings accounts, consumer loans, car loans and mortgage loans.

Bank Category

Savings banks

Services

retail banking
insurance

Clients

private individuals
SMEs
companies

Area Served

local municipality

Products

current accounts
credit cards
debit cards
savings accounts
time deposit accounts
consumer loans
car loans
mortgage loans

Ways to Bank

SPAREBANK 1 ØSTLANDET delivers its products and services through both direct and indirect channels, namely:
branch
online banking

Financials

Total Assets (2018)
122.39 bln NOK  (+14.22%)
Operating Income (2018)
1,721.70 mln NOK  (+12.32%)

SPAREBANK 1 ØSTLANDET is the 5th largest bank in Norway in terms of total assets. In 2018 its total assets were 122,39 bln NOK, providing the bank with the market share of 3.17%. SPAREBANK 1 ØSTLANDET is the 3rd largest savings bank in Norway (out of 99 savings banks) having market share of 8.38% amongst the banks of this category. In 2018 the bank's operating income was 1 721,70 mln NOK.

Credit Ratings

Fitch: -
AAA
AA+, AA, AA-
A+, A, A-
BBB+, BBB, BBB-
BB+, BB, BB-
B+, B, B-
CCC, CC, C, RD, D
Moodys: A1
Aaa
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

SPAREBANK 1 ØSTLANDET is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is A1 (upper medium grade).

Deposit Guarantee

Protected Amount
up to 2,000,000 NOK
Guarantee Fund
Norwegian Banks' Guarantee Fund
Covered Depositors
natural persons (Norwegian and foreign)
legal entities (Norwegian and foreign)
Covered Accounts
current accounts
savings accounts
time deposit accounts

SPAREBANK 1 ØSTLANDET participates in the deposit guarantee scheme of Norway. This deposit guarantee scheme applies to current accounts, savings accounts, time deposit accounts made by natural persons (Norwegian and foreign), legal entities (Norwegian and foreign) and covers up to up to 2,000,000 NOK per bank per depositor. SPAREBANK 1 ØSTLANDET is a member of Norwegian Banks' Guarantee Fund and makes its contributions into it.

Member of Group

 SpareBank1 (Norway)

SPAREBANK 1 ØSTLANDET is a member of SpareBank1 (Norway).

Contacts

Strandgata 15, 2317, HAMAR, Norway

SPAREBANK 1 ØSTLANDET is located in HAMAR.

Bank Identifiers

LEI
549300VRM6G42M8OWN49
Company Number
920426530

Bank Supervision

Supervised By
Financial Supervisory Authority of Norway
Reference Number
920 426 530

SPAREBANK 1 ØSTLANDET is authorized and supervised by the Financial Supervisory Authority of Norway (reference number 920 426 530).

Bank History

Start Date
01 January 2006
Previous Name
SPAREBANKEN HEDMARK

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