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.
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