Sparebanken Norge

Sparebanken Norge
TypeSavings bank
IndustryBanking
PredecessorsSparebanken Vest
Sparebanken Sør
Founded2 May 2025 (2025-05-02)
HeadquartersBergen, Norway
Area served
Norway
Number of employees
1,321
Websitespv.no, sor.no, sbnorge.no

Sparebanken Norge (OSE: SBNOR) is a Norwegian banking and financial services group.[1] It was created on 2 May 2025 as a merger between Sparebanken Vest and Sparebanken Sør.[2][3] The group's headquarters are jointly in Bergen and Kristiansand.[1][4] As of October 2025, it was the largest savings bank in Norway with 69 branches.[4] As of 2024, the two merging banks had 517 billion kroner in assets under management, making it the largest in this regard amongst savings banks in Norway.

As of June 2026, the CEO of Sparebanken Norge is Jan Erik Kjerpeseth.[5]

Merger and restructuring

Both Sparebanken Vest and Sparebanken Sør were regional savings banks in their time created through mergers of small, local savings banks. Sparebanken Vest had its base in Bergen, with operations through Møre og Romsdal, Vestland and Rogaland.[6] Sparebanken Sør was based in Kristiansand and had its main operations in Agder.[7] The oldest of the predecessors was Bergens Sparebank, which was established in 1823.[6] Prior to the merger, Sparebanken Vest was the third-largest[6] and Sparebanken Sør the fifth-largest savings banks in Norway.[7] The merger negotiations were carried out through early 2024, and announced on 28 August. Equity holders of Sparebanken Vest received 64.3 percent of the new equity, while 35.7 percent went to the equity holders of Sparebanken Sør. At the time of the announcement, the banks had a combined 517 billion kroner in assets under management and gross loans of 429 billion.[8] This made it the largest savings bank in Norway.[9]

The bank is undergoing restructuring as part of the integration of the Sparebanken Vest and Sparebanken Sør. In October 2025, Sparebanken Norge announced that it was moving 60 employees from Arendal to the head office in Kristiansand.[4] In December 2025, Sparebanken Norge said that many employees had accepted severance packages following the merger.[10] In June 2026, the bank announced that it would further reduce staffing during the calendar year.[4]

References

  1. 1 2 "MarketLine Company Profile: Sparebanken Norge". Sparebanken Norge MarketLine Company Profile. 2026. Retrieved 31 July 2026 – via EBSCOhost.
  2. ↑ "From May 2nd, we are Sparebanken Norge". Sparebanken Norge. Retrieved 31 July 2026.
  3. ↑ Ekeset, Fredrick C. (2 May 2025). "I dag fødes Sparebanken Norge". E24 (in Norwegian). Retrieved 31 July 2025.
  4. 1 2 3 4 "Flytter over 60 ansatte fra Arendal til Kristiansand: – Folk er undrende". NRK (in Norwegian). 29 October 2025. Retrieved 31 July 2026.
  5. ↑ "Sparebanken Norge vil kutte opptil 120 årsverk". E24 (in Norwegian). 11 June 2026. Retrieved 31 July 2026.
  6. 1 2 3 Knutsen, Sverre Richard (30 December 2025). "Sparebanken Vest". Store norske leksikon (in Norwegian). Retrieved 31 July 2026.
  7. 1 2 Arntzen, Kari Jeppestøl; Holtet, Anders (16 May 2014). "Dyrere å være kunde i Sparebanken Sør: – Har om mulig blitt enda verre" (in Norwegian). Retrieved 31 July 2026.
  8. ↑ Lier, Truls (28 August 2024). "Sparebanken Vest og Sparebanken Sør vil slå seg sammen". E24 (in Norwegian). Retrieved 31 July 2025.
  9. ↑ Ekeset, Fredrick Chr. (28 August 2024). "Sparebanken Vest-sjefen: –⁠ Rigger oss for å bli en tøff konkurrent". E24 (in Norwegian). Retrieved 31 July 2025.
  10. ↑ Jarstad, Lena (9 December 2025). "Så mange tok sluttpakke i Sparebanken Norge". Finanswatch.no (in Norwegian). Retrieved 31 July 2026.
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