About Sparebanken Øst

Sparebanken Øst operates as a savings bank in Norway. Sparebanken Øst provides services within the areas of financing, savings and investment, money-transfer services, and insurance. The company has branches in the municipalities of Øvre Eiker, Lier, Asker, Bærum, Oslo, Fredrikstad, Ullensaker, Lillestrøm, Horten, Tønsberg, Kongsberg, Ringerike, Holmestrand, Larvik and Modum. Subsidiaries AS Financiering AS Financiering provides secured finance for sales of new and used cars. The company operates nationwide and distributes its products through digital channels, dealer partnerships and the branches of the parent bank. The company also offers secured finance through its 'Dittbillån.no' digital concept, a price-leading car loan concept for newer vehicles with low loan-to-value ratios. Sparebanken Øst Boligkreditt AS operates as a credit institution with the right to issue covered bonds. Segments The company operates through five segments based on its products and services, as follows: The Retail Market and Business Market segments mainly consist of lending to and deposits from customers. Finance segment mainly consists of the company's liquidity portfolio. AS Financiering provides debenture financing for vehicles. Sparebanken Øst Eiendom AS consists of income from real estate. Sparebanken Øst Eiendom AS is tasked with managing properties belonging to the Sparebanken Øst Group. History Sparebanken Øst was founded in 1843. The company was incorporated in 1995.