SpareBank 1 is a Norwegian alliance and brand name for savings bank. The alliance is organised through the company SpareBank 1 Gruppen AS that is owned by the participating banks. In total the alliance is Norway's third largest bank with total assets of NOK 300 billion, 340 branches and 4700 employees. The alliance has its head office in Oslo, Norway. The alliance's main purposes are supplementing the banks with securities and insurance as well as a technological platform.