SpareBank 1: Difference between revisions

| owner = {{unbulleted list |[[SparebankenSpareBank Hedmark1 Østlandet]] (12%) |[[SpareBank 1 SMN]] (19.5%)| [[SpareBank Nord-Norge]] (19.5%) |[[SpareBank 1 SR-Bank]] (19.5%) |[[Samarbeidende Sparebanker]] (19.5%) |[[Norwegian Confederation of Trade Unions|Landsorganisasjonen]] (10%)| [[Swedbank]] (24%)}}

'''SpareBank 1''' is a [[Norway|Norwegian]] [[business alliance|alliance]] and brand name for a group of [[savings bank]]s. The alliance is organised through the holding company ''SpareBank 1 Gruppen AS'' that is owned by the participating banks. In total the alliance is Norway's second largest bank with total assets of [[Norwegian krone|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.

SpareBank 1 Gruppen is owned by the participating banks. [[SparebankenSpareBank Hedmark1 Østlandet]] (12%), [[SpareBank 1 SMN]] (19.5%), [[SpareBank Nord-Norge]] (19.5%) and [[SpareBank 1 SR-Bank]] (19.5%) all own part of the company directly while the remaining banks own through [[Samarbeidende Sparebanker]] (19.5%). The [[labor union]] [[Norwegian Confederation of Trade Unions|Landsorganisasjonen]] (10%) also has an ownership in the company.