SpareBank 1 Østfold Akershus is a medium-sized Norwegian regional savings bank with origins dating back to 1835. The bank has operations in Østfold county and the southern part of Akershus county in south-eastern Norway, which combined have a population of 450,000 and are within commuting distance to Oslo. The bank has eight branch offices and 201 employees (full-time equivalents).
SpareBank 1 Østfold Akershus is a member of the SpareBank 1 Alliance (the Alliance), Norway's second largest finance group in terms of assets. The Alliance consists of 15 independent savings banks, who cooperate on branding and provide a joint platform. Importantly, the Alliance is allowing individual banks to offer competitive products and gain economies of scale in development projects and compliance.
The bank has equity capital certificates listed on Oslo Stock Exchange.