Stock SPOG SPAREBANKEN ØST
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Company Sparebanken Øst

Equities

SPOG

NO0006222009

Banks

Market Closed - Oslo Bors
Other stock markets
 10:45:00 2024-05-03 am EDT 		5-day change 1st Jan Change
52.48 NOK +0.56% Intraday chart for Sparebanken Øst +0.15% +4.54%
Feb. 15 SpareBank 1 Østlandet Issues Additional Tier 1 Bond Worth NOK500 Million MT
Feb. 09 Sparebanken Øst Reports Earnings Results for the Fourth Quarter Ended December 31, 2023 CI

Business Summary

Sparebanken Ost is a Norway-based savings bank. The Bank is engaged in the provision of both banking and financial products and services to individuals and businesses. It offers products and services to business customers in the central Eastern Norway region. The primary market area is the lower part of Buskerud County and the Drammen region. Its product and service offering includes loans, mortgage loan, cards, savings accounts, payment services, pension funds, life and non-life insurance, investment services and online banking services. The Bank’s three core products are savings products, credit products and payment products. In addition, it distributes insurance, fund shares, interest rate hedging, and currency. Sparebanken Ost Boligkreditt AS, AS Financiering, Sparebanken Ost Eiendom AS, Ost Prosjekt AS and Ost Inkasso AS are among Bank's subsidiaries.

Number of employees: 198

Sales per Business

NOK in Million2022Weight2023Weight Delta
Private Market
52.9 %
424 60.8 % 485 52.9 % +14.24%
Unallocated
22.5 %
140 20.1 % 207 22.5 % +47.47%
Business Market
17.4 %
147 21.1 % 160 17.4 % +8.50%
AS Financing
11.6 %
98 14.0 % 106 11.6 % +8.48%
Finance
-4.3 %
-119 -17.1 % -39 -4.3 % -67.00%
Elimination
-0.8 %
3 0.4 % -8 -0.8 % -375.00%
Sparebanken Ostendom AS
0.7 %
6 0.8 % 7 0.7 % +19.64%

Sales per region

NOK in Million2022Weight2023Weight Delta
Norway
100.0 %
698 100.0 % 917 100.0 % +31.29%

Managers

Managers TitleAgeSince
Pål Strand CEO
 Chief Executive Officer 59 83-12-31
Thor-Henning Brathen DFI
 Director of Finance/CFO 43 17-08-13
Arnljot Lien CTO
 Chief Tech/Sci/R&D Officer 59 00-12-31
Cecilie Hagby BRD
 Director/Board Member 58 -
Per Øyvind Mørk IRO
 Public Communications Contact 59 10-12-31
Vegard Kvamme IRO
 Public Communications Contact - -
Kjell Engen IRC
 Investor Relations Contact 55 02-12-31
Be Sivertsen SAM
 Sales & Marketing 45 20-12-31
Kirsten Østby-Deglum LAW
 General Counsel 40 19-12-31
Kristin W. Myhre HRO
 Human Resources Officer - -

Members of the board

Members of the board TitleAgeSince
J. Elisabeth Rønning Indrelid BRD
 Director/Board Member 65 00-12-31
Arne K. Stokke BRD
 Director/Board Member 78 18-12-31
Øivind Andersson CHM
 Chairman 68 14-12-31
Cecilie Hagby BRD
 Director/Board Member 58 -
Ole Hoen BRD
 Director/Board Member 48 20-12-31
Lina Sorby BRD
 Director/Board Member 38 -
Havard Saastad BRD
 Director/Board Member 38 21-12-31
Sissel Album BRD
 Director/Board Member 65 18-12-31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 20,731,183 16,253,233 ( 78.40 %) 0 78.40 %

Shareholders

NameEquities%Valuation
MP Pensjon PK
6.936 %
1,437,815 6.936 % 7 M kr
Eika Kapitalforvaltning AS
4.851 %
1,005,623 4.851 % 5 M kr
Knut Erik Karlsen
4.821 %
999,500 4.821 % 5 M kr
Eckhoff Family
2.843 %
589,435 2.843 % 3 M kr
Asbjorn Hansen
2.149 %
445,502 2.149 % 2 M kr
Jul Gundersen
1.910 %
395,897 1.910 % 2 M kr
Wenaas Family
1.317 %
273,000 1.317 % 1 M kr
Bkk Pensjonskasse
1.206 %
250,000 1.206 % 1 M kr
Heidi Wright
1.114 %
230,900 1.114 % 1 M kr
Roald Holding AS
1.013 %
210,000 1.013 % 1 M kr

Holdings

NameEquities%Valuation
KRAFT BANK ASA
6.85%
 2,875,000 6.85% 2,278,323 $
NORWEGIAN BLOCK EXCHANGE
9.43%
 6,437,768 9.43% 677,253 $

Company contact information

Sparebanken Øst

Bragernes Torg 2

3017, Drammen

+47 33 51 38 55

http://www.oest.no
address Sparebanken Øst(SPOG)

Group companies

NameCategory and Sector
Sparebanken Øst Boligkreditt AS
Logo Sparebanken Øst Boligkreditt AS

Sparebanken Øst Boligkreditt AS

Major BanksFinance

Sparebanken Øst Boligkreditt AS operates as a banking division. The company was founded on April 14, 2009 and is headquartered in Drammen, Norway.

Major Banks
Financiering AS
Logo Financiering AS

Financiering AS

Finance/Rental/LeasingFinance

Part of Sparebanken Øst, Financiering AS is a Norwegian financing company that was founded in 1930 and is one of the oldest financing companies in Norway. The private company is based in Oslo, Norway. The company provides loans for new and used cars, motorcycles, campers, boats over 7 meters, and scooters, with a sale's lien on the purchased object.

Finance/Rental/Leasing

Sector

Financials
Banking & Investment Services
Banking Services
Banks
Other Banks

Sales per Business

Ratings for Sparebanken Øst

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
3
Last Close Price
52.48 NOK
Average target price
57.33 NOK
Spread / Average Target
+9.25%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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