Created by Anna Mileiko 
SPAREBANKEN ØST is a local savings bank,focused on retail banking and insurance products and services tolocal residends: private individuals, SMEs and companies. The range of products offered by SPAREBANKEN ØST includes current accounts, payment cards, savings accounts, consumer loans, car loans and mortgage loans.
In 2023, SPAREBANKEN ØST achieved the position of 18th largest bank in Norway with a market share of 0.54%; its total assets grew by 2.79%.
Additionally, the bank became the 27th profitable bank in relation to its total assets showcasing 1.49% return on assets in 2023.
Also the lender held the 63rd position regarging its loans-to-deposits (L/D) registering 1,103.51% L/D ratio in 2023.
Deposits up to 2,000,000 NOK are covered by Norwegian deposit guarantee scheme in SPAREBANKEN ØST.
branch
online banking
SPAREBANKEN ØST ranks as the 18th largest bank in Norway by total assets. In 2023 its total assets were 29,032.93 mln NOK, representing a 0.54% market share. It is also the 12th largest savings bank in Norway, commanding a 1.47% share among savings banks. In 2023 the bank's annual profit was 426.66 mln NOK.
SPAREBANKEN ØST is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is A1 (upper medium grade).
Norwegian Banks' Guarantee Fund (NBGF)SPAREBANKEN ØST protects deposits up to up to 2,000,000 NOK per depositor through Norway's deposit guarantee scheme. The scheme applies to current accounts, savings accounts, time deposit accounts made by natural persons (Norwegian and foreign), legal entities (Norwegian and foreign). The bank participates in the Norwegian Banks' Guarantee Fund (NBGF), making regular contributions into it.
Stasjonsgata 14, 3300, HOKKSUND, NorwaySPAREBANKEN ØST is located in HOKKSUND.
SPAREBANKEN ØST is authorized and supervised by the Financial Supervisory Authority of Norway (reference number 937888937).
