SpareBank 1

"Is SpareBank 1 working?"

SpareBank 1 is working normally

All systems are operational. SpareBank 1 is accessible and functioning properly.

Status Chart

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24h ago

Operational

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Major outage

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Timeline

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Service Status: All systems operational and responding normally

Performance Trend (24h): Stable performance with no significant issues reported

Community Reports: No issues reported by users in the last 24 hours

Global Availability: Working normally worldwide

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Recent reports

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SpareBank 1 is a leading Norwegian financial alliance and brand name, not a single bank. It represents a collaboration of 12 independent savings banks that have joined forces to achieve economies of scale and enhanced competitiveness against larger national and international players. The alliance was formed in 1996 to ensure the independence and re... SpareBank 1 is a leading Norwegian financial alliance and brand name, not a single bank. It represents a collaboration of 12 independent savings banks that have joined forces to achieve economies of scale and enhanced competitiveness against larger national and international players. The alliance was formed in 1996 to ensure the independence and regional ties of its member banks while providing a complete, national-level banking alternative. The structure is a cooperative model where the member banks jointly own central companies that provide shared services and products. The main holding company is SpareBank 1 Gruppen AS, which develops and operates product companies like SpareBank 1 Forsikring (insurance), SpareBank 1 Livsforsikring (life insurance), and ODIN Forvaltning (mutual funds). These products are then distributed by the local banks to their customers. The ownership of SpareBank 1 Gruppen AS is held by the largest member banks, such as SpareBank 1 Nord-Norge, SpareBank 1 SMN, SpareBank 1 Sør-Norge, and SpareBank 1 Østlandet, along with a cooperative entity representing the smaller banks, and the Norwegian trade union confederation LO. This ownership structure ensures that the alliance's strategy serves the collective interests of the regional savings banks and their local communities. Collectively, the SpareBank 1 Alliance is Norway's second largest financial group in terms of assets and is a market leader in the Norwegian residential mortgage market. The member banks cover the entire country with a broad physical branch network, combining the benefit of local presence and community engagement with the competitive advantage of centralized product development and IT systems. This strong regional anchoring means that a portion of the profits is often returned to the local communities through community dividends and various sponsorships. Beyond traditional banking services like savings accounts, lending, and payments, the alliance offers a comprehensive range of financial services. This includes real estate brokerage through EiendomsMegler 1, investment banking and capital markets services via SpareBank 1 Markets, and consumer credit through their financing companies. The collaboration extends to common areas like brand identity, IT operations, and joint business development through entities like SpareBank 1 Utvikling DA. This alliance model allows each local savings bank to remain a vital, independent institution within its region while benefiting from the scale and product depth of a major national group.

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