Sparebanken NOR
Encyclopedia
Union Bank of Norway branded as Sparebanken NOR was Norway
Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...

's largest savings bank
Savings bank
A savings bank is a financial institution whose primary purpose is accepting savings deposits. It may also perform some other functions.In Europe, savings banks originated in the 19th or sometimes even the 18th century. Their original objective was to provide easily accessible savings products to...

 between 1990 and 1999. The bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...

 was created as a merger between Sparebanken ABC
Sparebanken ABC
Sparebanken ABC, sometimes branded as ABC Bank was a Norwegian savings bank based around Oslo in existence between 1985 and 1990. The bank was a merger between Sparebanken Oslo/Akershus as Christiania Sparebank) and Fellesbanken . The bank lasted until 1990 when it merged with four other savings...

 and four other regional savings banks. The new bank had its headquarters in Oslo and was in existence until 1999 when it merged with Gjensidige
Gjensidige
Gjensidige Forsikring ASA is a Norwegian insurance company. Though the company has roots back to 1689 when the fire treasury at Nes was founded, Gjensidige in its present form was founded in 2003 when the insurance division of Gjensidige NOR was not made part of its merger with Den norske Bank...

 to form Gjensidige NOR
Gjensidige NOR
Gjensidige NOR was a Norwegian bank and insurance company that was in existence between 1999 and 2003. The company was created when the two savings banks Sparebanken NOR and Gjensidige were merged in 1999. In 2002 Norwegian savings banks were allowed to become public limited company and was...

. Today the bank is part of DnB NOR
DnB NOR
DNB ASA is Norway's largest financial services group with total combined assets of more than NOK 2.0 trillion and a market capitalisation NOK 102 billion as per December the 31st. The Group includes brands such as DNB, Vital, Nordlandsbanken, Cresco, Postbanken, DnB NORD and Carlson...

.

The bank was primarily concentrated around Eastern Norway where the original five banks had branches in Akershus
Akershus
- Geography :The county is conventionally divided into the traditional districts Follo and Romerike, which fill the vast part of the county, as well as the small exclave west of Oslo that consists of Asker and Bærum...

, Buskerud
Buskerud
is a county in Norway, bordering Akershus, Oslo, Oppland, Sogn og Fjordane, Hordaland, Telemark, and Vestfold. The county administration is located in Drammen.-Geography:...

, Oslo
Oslo
Oslo is a municipality, as well as the capital and most populous city in Norway. As a municipality , it was established on 1 January 1838. Founded around 1048 by King Harald III of Norway, the city was largely destroyed by fire in 1624. The city was moved under the reign of Denmark–Norway's King...

, Vestfold
Vestfold
is a county in Norway, bordering Buskerud and Telemark. The county administration is in Tønsberg.Vestfold is located west of the Oslofjord, as the name indicates. It includes many smaller, but well-known towns in Norway, such as Larvik, Sandefjord, Tønsberg and Horten. The river Numedalslågen runs...

 and Østfold
Østfold
is a county in southeastern Norway, bordering Akershus and southwestern Sweden , while Buskerud and Vestfold is on the other side of the bay. The seat of the county administration is Sarpsborg, and Fredrikstad is the largest city.Many manufacturing facilities are situated here. Moss and...

 in addition to offices in Bergen
Bergen
Bergen is the second largest city in Norway with a population of as of , . Bergen is the administrative centre of Hordaland county. Greater Bergen or Bergen Metropolitan Area as defined by Statistics Norway, has a population of as of , ....

, Bodø
Bodø
is a city and a municipality in Nordland county, Norway. It is part of the Salten region.The city of Bodø was established as a municipality on 1 January 1838 . Bodin was merged with Bodø on 1 January 1968. Skjerstad was merged with Bodø on 1 January 2005...

, Kristiansand
Kristiansand
-History:As indicated by archeological findings in the city, the Kristiansand area has been settled at least since 400 AD. A royal farm is known to have been situated on Oddernes as early as 800, and the first church was built around 1040...

, Tromsø
Tromsø
Tromsø is a city and municipality in Troms county, Norway. The administrative centre of the municipality is the city of Tromsø.Tromsø city is the ninth largest urban area in Norway by population, and the seventh largest city in Norway by population...

, Trondheim
Trondheim
Trondheim , historically, Nidaros and Trondhjem, is a city and municipality in Sør-Trøndelag county, Norway. With a population of 173,486, it is the third most populous municipality and city in the country, although the fourth largest metropolitan area. It is the administrative centre of...

 and Vadsø
Vadsø
is a city and municipality in Finnmark county, Norway. The city is the administrative centre of the municipality and the county of Finnmark....

 in addition to Luxembourg
Luxembourg
Luxembourg , officially the Grand Duchy of Luxembourg , is a landlocked country in western Europe, bordered by Belgium, France, and Germany. It has two principal regions: the Oesling in the North as part of the Ardennes massif, and the Gutland in the south...

.
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