SpareBank 1 company logo

The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

Founded Year



Acq - P2P | Acquired



About SpareBank 1

SpareBank 1 represents the interest of a group of multiple Norwegian savings banks. The banks consists of independent banks that are full-fledged providers of financial products and services to individuals and businesses.On September 5th, 2019, SpareBank1 was acquired by Fremtind Forsikring.19B.

SpareBank 1 Headquarter Location

Hammersborggt 2

Oslo, 0179,


(+47 915) 09020

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Latest SpareBank 1 News

PGS : Sparebank 1 Markets 2022 Energy Conference

Mar 3, 2022

03/03/2022 | 03:20am EST Message : Oslo, March 3, 2022 Forward looking information is based on management assumptions and analyses Actual experience may differ, and those differences may be material Forward looking information is subject to significant uncertainties and risks as they relate to events and/or circumstances in the future This presentation must be read in conjunction with other financial disclosures -2- ▪ Higher revenues compared to 2020 when adjusted for Covid- 19 related government grants ▪ 42% increase in contract revenues - Overweight of capacity allocated to contract - Significant rate increase in 2H - Benefit from more near-field exploration and increasing 4D demand ▪ Mixed development of MultiClient market - Reduced industry revenues and investments vs. 2020 - Increased market share for PGS with strong late sales growth and adequate pre-funding on reduced MultiClient investment ▪ Established New Energy ▪ Winter season more challenging than expected - Healthy booked position for summer season ▪ Returned to positive net cash flow generation ▪ Slower market recovery than assumed in business plan for the 2020 debt rescheduling - Will have to address in coming quarters -3-

  • When was SpareBank 1 founded?

    SpareBank 1 was founded in 1996.

  • Where is SpareBank 1's headquarters?

    SpareBank 1's headquarters is located at Hammersborggt 2, Oslo.

  • What is SpareBank 1's latest funding round?

    SpareBank 1's latest funding round is Acq - P2P.

  • Who are the investors of SpareBank 1?

    Investors of SpareBank 1 include Fremtind Forsikring.

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