Sparebank 1 Sør-Norge ASA Expands Nordic Presence with Affiliate SB1 Markets Launching in Sweden
Reuters
Sep 01
Sparebank 1 Sør-Norge ASA Expands Nordic Presence with Affiliate SB1 Markets Launching in Sweden
SpareBank 1 Sør-Norge ASA, a notable member of the SpareBank 1 Alliance, has strengthened its presence in the Nordic region through its affiliate SB1 Markets. As part of a strategic partnership with Swedbank, SB1 Markets is set to begin operations in Sweden on 1 September 2025. This collaboration marks the establishment of a leading Nordic investment bank, with SpareBank 1 Sør-Norge holding a 28.1 percent ownership stake. Swedbank has also acquired a 20 percent stake in SB1 Markets, which will operate with a branch in Stockholm, employing 65 individuals in Sweden and totaling 260 employees. The remaining shares are primarily held by other SpareBank 1 banks, contributing to the robust Nordic banking alliance.
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