71.50
+0.01%
Close of 9 Nov 2026, in NOK
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About Sparebanken Ost
Its shares trade on Oslo Børs under the ticker SPOG.OL. It has been listed since 22 February 1989. In the fiscal year to 31 December 2025, it reported revenue before interest expense of NOK 2.89bn and net income of NOK 141.3m. At that date it held total assets of NOK 45.82bn and shareholders' equity of NOK 5.04bn.
Sparebanken Øst engages in the provision of banking and financial services. The company is headquartered in Hokksund, Buskerud. The Bank is engaged in the provision of both banking and financial products and services to individuals and businesses. The company offers products and services to business customers in the central Eastern Norway region. The primary market area is the lower part of Buskerud County and the Drammen region. Its product and service offering includes loans, mortgage loan, cards, savings accounts, payment services, pension funds, life and non-life insurance, investment services and online banking services. The Bank’s three core products are savings products, credit products and payment products. In addition, it distributes insurance, fund shares, interest rate hedging, and currency. Sparebanken Ost Boligkreditt AS, AS Financiering, Sparebanken Ost Eiendom AS, Ost Prosjekt AS and Ost Inkasso AS are among Bank's subsidiaries.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 22 Feb 1989
- Employees
- 193
- Website
- oest.no ↗
Leadership
Pay as last reported
- Mr. Oivind AnderssonChairman of the Board, since 2015NOK 278,000
- Mr. Pal StrandChief Executive Officer, since 2011NOK 548,937
- Mr. Kjell EngenDeputy Chief Executive Officer, since 2017NOK 517,351
- Ms. Cecilie HagbyDeputy Chairman of the Board, since 2018NOK 225,000
- Mr. Jens BjertnaesChief Financial Officer
- Mr. Per MorkVice President of Marketing and CommunicationNOK 1.6m
- Mr. Arnljot LienDirector IT and Automation, since 2020NOK 566,408
- Ms. Kirsten Ostby-deglumLegal DirectorNOK 235,361
- Mr. Kjartan ReveDirector CustomerNOK 394,081
- Mr. Ole SivertsenDirector Market and Digital SalesNOK 281,000
- Ms. Sissel FjeldDirectorNOK 829,000
- Mr. Ole HoenDirectorNOK 27,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Sparebanken Ost employs 193 full-time staff members in the banking sector.
- The bank offers loans, mortgages, and cards to individual customers.
- Three core products include savings, credit, and payment products for users.
Weaknesses
- The company is headquartered in Hokksund, which limits its local reach.
- Only 193 employees handle all banking operations across multiple subsidiaries.
- The primary market is restricted to the lower part of Buskerud County.
Opportunities
- Sparebanken Ost can expand online banking services to more Norwegian regions.
- The bank may grow its pension fund offerings for business customers.
- Insurance distribution could increase revenue through fund shares and hedging products.
Threats
- Competition in the Drammen region may reduce Sparebanken Ost market share.
- Economic changes in Eastern Norway could affect loan demand significantly.
- Regulatory shifts might impact the profitability of interest rate hedging services.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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