SpareBank 1 Østfold Akershus
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SpareBank 1 Østfold Akershus
SpareBank 1 Østfold Akershus is a Norwegian savings bank, headquartered in Moss, Norway. The banks main market is Østfold and Akershus Akershus () is a county in Norway, with Oslo as its administrative centre, though Oslo is not located within Akershus. Akershus has been a region in Eastern Norway with Oslo as its main city since the Middle Ages, and is named after the Akers .... The history of the bank can be traced back to 1835. References {{DEFAULTSORT:SpareBank 1 Ostfold Akershus Banks of Norway SpareBank 1 Companies based in Østfold Banks established in 2011 Companies listed on the Oslo Stock Exchange ...
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Savings Bank
A savings bank is a financial institution that is not run on a profit-maximizing basis, and whose original or primary purpose is collecting deposits on savings accounts that are invested on a low-risk basis and receive interest. Savings banks have mostly existed as a separate category in Europe. Savings banks originated in late-18th century Europe as a development of the Enlightenment, and became a Europe-wide phenomenon in the first half of the 19th century. The trajectories of savings bank systems then diverged across European nations, variously leading to the formation of integrated banking groups, cohesive national networks, conversion into cooperative banking or commercial banking entities, and/or piecemeal consolidation with other credit institutions. In most countries, the surviving savings banks have private-sector status and no longer operate under a distinctive legislative framework; significant exceptions include Germany and Luxembourg, where savings banks are public ...
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Moss, Norway
Moss is a coastal List of cities in Norway, town and a Municipalities of Norway, municipality in Østfold Counties of Norway, county, Norway. The administrative centre of the municipality is the town of Moss. The city of Moss was established as a municipality on 1 January 1838 (see formannskapsdistrikt) and City in 1720. The rural municipality of Jeløy was merged with the city on 1 July 1943. The former municipality of Rygge was merged into it on 1 January 2020. Its administrative district covers areas east of the town, such as the island of Dillingøy in the lake Vansjø. Parts of the town are located on the peninsula of Jeløy. The city of Moss has 30,723 inhabitants (2012). Name The Old Norse form of the name was . It may be derived from an old root ''mer-'' which means to "divide" or "split". The adjacent topography shares similar etymology: * , Mosse-"marsh-river-border"+ (see , , Old Norse for river). The name is thought to be very old and the meaning of it is not clear. ...
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Østfold
Østfold () is a county in Eastern Norway, which from 1 January 2020 to 31 December 2023 was part of Viken. Østfold borders Akershus and southwestern Sweden (Västra Götaland County and Värmland), while Buskerud and Vestfold are on the other side of Oslofjord. The county's administrative seat is Sarpsborg. The county controversially became part of the newly established Viken County on 1 January 2020. On 1 January 2024, Østfold was re-established as an independent county, however without the former municipality of Rømskog, which was amalgamated with the Akershus municipality Aurskog-Høland in 2020. Many manufacturing facilities are situated here, such as the world's most advanced biorefinery, Borregaard in Sarpsborg. Fredrikstad has shipyards. There are granite mines in Østfold and stone from these were used by Gustav Vigeland. The county slogan is "The heartland of Scandinavia". The local dialects are characterized by their geographical proximity to Sweden. The na ...
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Akershus
Akershus () is a county in Norway, with Oslo as its administrative centre, though Oslo is not located within Akershus. Akershus has been a region in Eastern Norway with Oslo as its main city since the Middle Ages, and is named after the Akershus Fortress in Oslo and ultimately after the medieval farm Aker in Oslo. From the Middle Ages to 1919, Akershus was a main fief and main county that included most of Eastern Norway, and from the 17th century until 2020 and again from 2024, Akershus also has a more narrow meaning as a smaller central county in the Greater Oslo Region. Akershus is Norway's largest county by population with over 716,000 inhabitants. Originally Akershus was one of four main fiefs in Norway and included almost all of Eastern Norway. The original Akershus became a main county (''Stiftamt'' or ''Stift'') in 1662 and was sometimes also known as ''Christiania Stift''. It included several subcounties (''Amt'' or ''Underamt''); in 1682 its most central areas, con ...
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Financial Services
Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns financial management and consumer finance. The finance industry in its most common sense concerns commercial banks that provide market liquidity, derivative (finance), risk instruments, and broker, brokerage for large public company, public companies and multinational corporations at a macroeconomics, macroeconomic scale that impacts domestic politics and foreign relations. The extragovernmental power and scale of the finance industry remains an ongoing controversy in many industrialized Western economies, as seen in the American Occupy Wall Street civil protest movement of 2011. Styles of financial institution include credit union, bank, savings and loan association, trust company, building society, brokerage firm, payment processor, many ty ...
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Savings Bank
A savings bank is a financial institution that is not run on a profit-maximizing basis, and whose original or primary purpose is collecting deposits on savings accounts that are invested on a low-risk basis and receive interest. Savings banks have mostly existed as a separate category in Europe. Savings banks originated in late-18th century Europe as a development of the Enlightenment, and became a Europe-wide phenomenon in the first half of the 19th century. The trajectories of savings bank systems then diverged across European nations, variously leading to the formation of integrated banking groups, cohesive national networks, conversion into cooperative banking or commercial banking entities, and/or piecemeal consolidation with other credit institutions. In most countries, the surviving savings banks have private-sector status and no longer operate under a distinctive legislative framework; significant exceptions include Germany and Luxembourg, where savings banks are public ...
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Banks Of Norway
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the an ...
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SpareBank 1
SpareBank 1 is a Norwegian alliance and brand name for a group of savings banks. The alliance is organised through the holding company ''SpareBank 1 Gruppen AS'' owned by the participating banks. In total the alliance is Norway's second largest bank with total assets of NOK 625 billion, 352 branches and 6300 employees. The alliance has its head office in Oslo, Norway. The banks in the SpareBank 1 Alliance distribute SpareBank 1 groups' products and collaborate in key areas such as brands, work processes, expertise development, IT operations and system development. Companies in the group include the mutual fund company ODIN Forvaltning, the life insurance company ''SpareBank 1 Livsforsikring'', the insurance company ''SpareBank 1 Skadeforsikring'', the credit card company ''SpareBank 1 Medlemskort'', ''SpareBank 1 Utvikling'', the commercial bank ''Bank 1 Oslo'', the car finance company ''SpareBank 1 Bilplan'' (19.9%) and the securities company ''First Securities'' (24.5%). Hist ...
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Companies Based In Østfold
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation pu ...
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Banks Established In 2011
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancie ...
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