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# Norway's Sparebanken Norge and Oslofjord Sparebank Agree Merger to Create Larger Savings Bank
- URL: https://www.theglobalbanker.com/norway-sparebanken-norge-oslofjord-sparebank-merger/
- Published: 2025-05-14T14:42:00.000Z
- Updated: 2026-10-02T13:59:29.000Z
- Description: Sparebanken Norge and Oslofjord Sparebank have agreed to merge.
- Author: TGB Editorial Team
- Tags: M&A, Europe, #archive

Norway's Sparebanken Norge and Oslofjord Sparebank announced on 14 May 2025 that they will merge. The combination will create a larger Norwegian savings bank. Both institutions will preserve the savings bank model following the merger.

#### A SAVINGS BANK MODEL PRESERVED

Oslofjord Sparebank draws its customer base from the Oslofjord area, covering Oslo and Akershus. 

Sparebanken Norge chief executive Jan Erik Kjerpeseth said the combination would establish the bank in the strategically important Oslo area, in line with its national ambitions. 

#### APPROVALS AND TIMING

The merger, with Sparebanken Norge as the acquiring bank, required approval by both banks' governing bodies and Finanstilsynet, with completion targeted for around 1 December 2025.