Union Bank of Norway branded as Sparebanken NOR was

Norway Norway, officially the Kingdom of Norway, is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. The remote Arctic island of Jan Mayen and the archipelago of Svalbard also form part of the Kingdom of ...

's largest

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 ha ...

between 1990 and 1999. The

bank A bank is a financial institution that accepts Deposit account, 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 m ...

was created as a

merger Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorpt ...

between Sparebanken ABC and four other regional savings banks. The new bank had its headquarters in Oslo and was in existence until 1999 when it merged with

Gjensidige Gjensidige Forsikring ASA is a Norwegian insurance company. The company traces its roots back to 1816 when a fire mutual was founded as ''Land Gjensidige Brandkasse'' in what is today Innlandet county. Gjensidige demutualised and listed on t ...

to form

Gjensidige NOR Gjensidige NOR was a Norwegian bank and insurance company that was in existence between 1999 and 2003. The company was created when the two savings banks Sparebanken NOR (bank) and Gjensidige (insurance) were merged in 1999. In 2002 Norwegian ...

. Today the bank is part of

DnB NOR DNB Bank ASA (formerly DnB NOR ASA) is Norway's largest financial services group, with total combined assets of more than NOK 3.6 trillion and a market capitalisation NOK 400 billion as of 2024. DNB's head office is located in Oslo. The two larg ...

. The bank was primarily concentrated around Eastern Norway where the original five banks had branches in

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 ...

Buskerud Buskerud () is a Counties of Norway, county and a current electoral district in Norway, bordering Akershus, Oslo, Innlandet, Vestland, Telemark and Vestfold. The region extends from the Oslofjord and Drammensfjorden in the southeast to Hardanger ...

Oslo Oslo ( or ; ) is the capital and most populous city of Norway. It constitutes both a county and a municipality. The municipality of Oslo had a population of in 2022, while the city's greater urban area had a population of 1,064,235 in 2022 ...

Vestfold Vestfold () is a county and a current electoral district in Norway. Located on the western shore of the Oslofjord, it borders Buskerud and Telemark counties. The county administration is located in Tønsberg, Norway's oldest city, and the larg ...

, and

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 ...

in addition to offices in

Bergen Bergen (, ) is a city and municipalities of Norway, municipality in Vestland county on the Western Norway, west coast of Norway. Bergen is the list of towns and cities in Norway, second-largest city in Norway after the capital Oslo. By May 20 ...

, Bodø,

Kristiansand Kristiansand is a city and Municipalities of Norway, municipality in Agder county, Norway. The city is the fifth-largest and the municipality is the sixth-largest in Norway, with a population of around 116,000 as of January 2020, following th ...

Tromsø Tromsø is a List of towns and cities in Norway, city in Tromsø Municipality in Troms county, Norway. The city is the administrative centre of the municipality as well as the administrative centre of Troms county. The city is located on the is ...

Trondheim Trondheim ( , , ; ), historically Kaupangen, Nidaros, and Trondhjem (), is a city and municipality in Trøndelag county, Norway. As of 2022, it had a population of 212,660. Trondheim is the third most populous municipality in Norway, and is ...

and

Vadsø Vadsø or Vadso may refer to: Places * Vadsø Municipality, a municipality in Finnmark county, Norway *Vadsø (town) (Norwegian language, Norwegian; ), (Northern Sami language, Northern Sami; , or is a List of towns and cities in Norway, tow ...

in addition to

Luxembourg Luxembourg, officially the Grand Duchy of Luxembourg, is a landlocked country in Western Europe. It is bordered by Belgium to the west and north, Germany to the east, and France on the south. Its capital and most populous city, Luxembour ...

External links

DnB NOR corporate web site
Defunct banks of Norway Companies formerly listed on the Oslo Stock Exchange Companies based in Oslo Banks established in 1990 Banks disestablished in 1999 1990 establishments in Norway 1999 disestablishments in Norway {{Norway-bank-stub